Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.
New Britain Palm Oil (NBPOL)
Malaysian conglomerate Sime Darby has indicated it will expand processing operations through its takeover of New Britain Palm Oil, following its final purchase of Papua New Guinea’s largest agribusiness.
Air Niugini secures agreement with Air Vanuatu and Solomon Airlines, Cue Energy rejects takeover offer, and Steamships closes Highlands Highway operations. Your weekly digest of the latest business news.
PNG LNG project satisfies financial agreements, PNG Ports profits double, and Indochine Mining raises funds. Your weekly digest of the latest business news.
Violence takes a toll on businesses in Papua New Guinea, Anglo American and Highlands Pacific form joint venture, and Sime Darby extends takeover deadline for NBPOL. Your weekly digest of the latest business news.
Over 25 billion kina of mining investments over next decade expected, and New Britain Palm Oil hit by kina’s value. Your weekly digest of the latest business news.
The board of Papua New Guinea’s biggest employer, New Britain Palm Oil, has recommended shareholders accept a K5.09 billion (UK 1.07 billion pound) takeover bid from Malaysia’s Syme Darby.
Power workers give management another week to respond to pay claims, the People’s Micro Bank to get a full banking licence, Sime Darby withdraws from takeover talks with NBPOL. Your weekly digest of the latest business news.
New Britain Palm Oil Limited and the West New Britain provincial government have held preliminary talks which could see electricity generated from the company’s waste products provided across the entire province.
The Papua New Guinea Advantage Investment and Infrastructure Summit was held in Port Moresby this week. Over two days, delegates heard about Port Moresby becoming ‘the Dubai of the Pacific’, tax incentives in the 2015 Budget and how to develop relationships with Chinese business. Here are some highlights.