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.
Sime Darby expansion to follow takeover of Papua New Guinea’s New Britain Palm Oil
Welcome,
4 Mar 2015 by 1 Comment
In brief: Air Niugini expands services with Melanesian partnership, and other business stories
Welcome,
18 Feb 2015 by
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.
In brief: PNG LNG project reaches ‘financial completion’, and other business stories
Welcome,
11 Feb 2015 by Leave a Comment
PNG LNG project satisfies financial agreements, PNG Ports profits double, and Indochine Mining raises funds. Your weekly digest of the latest business news.
In brief: Conn says Port Moresby businesses have ‘lost hope’ in security in Papua New Guinea, and other business stories
Welcome,
10 Dec 2014 by
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.
In brief: 25 billion kina of mining investment in Papua New Guinea and other business stories
Welcome,
3 Dec 2014 by
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.
Sime Darby bids to take majority shareholding in New Britain Palm Oil
Welcome,
15 Oct 2014 by Leave a Comment
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.
In brief: Power workers delay strike action for a week, and other business stories
Welcome,
9 Oct 2014 by Leave a Comment
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 proposes public-private partnership to provide power for West New Britain
Welcome,
1 Oct 2014 by 1 Comment
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 quotable 2014 Papua New Guinea Advantage Investment & Infrastructure Summit
Welcome,
11 Sep 2014 by 2 Comments
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.
Program firms up for Papua New Guinea Advantage Summit
Welcome,
13 Aug 2014 by
September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.
USD 0.2634
AUD 0.4094
GBP 0.2127
EUR 0.247
NZD 0.4457
JPY 40.76
SGD 0.3586
Recent readers’ comments