In brief: Foreign exchange reserves to be about US$2 billion by year’s end, and other business stories

Rise in foreign exchange reserves expected, K1.3 billion required annually for road maintenance work, and Ramu nickel project to have 35 year life. Your weekly digest of the latest business news. 

In brief: Details of US$500m Credit Suisse loan to Papua New Guinea revealed, and other business stories

Treasury Minister outlines details of US$500 million loan deal, World Bank commends 2018 Budget, crucial meeting over the future of BCL’s exploration licence. Your weekly digest of the latest business news.  

In brief: Kagamuga Airport upgrade to allow jet landings, and other business stories

Airport upgrade to see night flights and early landings at Western Highlands airport, call to properly fund the fight against coffee berry borer, and Tkatchenko moves on illegally approved land sales. Your weekly digest of the latest business news.

In brief: Total to build separate LNG pipeline, and other business stories

Competition concerns prompt Total to build separate LNG pipeline, NICTA chief admits PNG has no cyber attack defence mechanisms, and BCL to step up community engagement. Your weekly digest of the latest business news.

In brief: Bank South Pacific expands into Cambodia, and other business stories

BSP enters a joint venture deal in Cambodia, management restructure planned for PNG Power, and government shelves GST rise. Your weekly digest of the latest business news.

PM O’Neill calls for greater intervention to strengthen Papua New Guinea industry

The Prime Minister Peter O’Neill has outlined a plan of greater government involvement in Papua New Guinea’s industrial development. In a speech to the Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby O’Neill described the need both to broaden the industry base and to move some industries up the value chain.

In brief: Chinese companies win bid to build Ramu 2 power project, and other business stories

Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.

In brief: Newcrest sells Hidden Valley stake to Harmony and other business news

Newcrest Mining sells its Hidden Valley stake to Harmony Gold, group marketing of coffee exports to South Korea and an agreement to ban harmful fisheries subsidies. Your weekly digest of the latest business news.

Project to revive Papua New Guinea’s lucrative beche-de-mer export industry begins at new mariculture centre in Kavieng

A four-year A$ 1.7 million (K3.6 million) project has begun to map out how to revive Papua New Guinea’s dormant sea cucumber industry.

In brief: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories

PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.