In brief: Construction of industrial zone in Madang will commence soon, says O’Neill, and other business stories

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Proposed K350m Pacific Marine Industrial Zone to start soon, tuna exports to the EU equal that of Thailand and Philippines, and Supplementary Budget to be ‘rushed’ through parliament next week. Your weekly digest of the latest business news. 

In brief: BSP bid to buy Westpac Vanuatu rejected, and other business stories

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Vanuatu’s Reserve Bank rejects sale of Westpac Vanuatu to BSP, Airlines PNG invited to fly into Samoa and ‘show cause’ notice issued over slow progress of new Lae highway. Your weekly digest of the latest business news.

In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories

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Elk-Antelope arbitration hearing in London completed, fuel supplies to return after roadblocks eased, and Santos delivers sales records. Your weekly digest of the latest business news.

In brief: moves to reserve small business for locals, Ok Tedi orders stayed and BSP profits up

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Moves to reserve small businesses for locals, Court rescinds orders preventing Ok Tedi from dumping waste and BSP records 11% profit increase. Your digest of the week’s business news.

Mining and petroleum in Papua New Guinea face contrasting fortunes, says Chamber head

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Next week’s Papua New Guinea Mining and Petroleum Seminars in Port Moresby will highlight the increasing divergence in fortunes of PNG’s mining and petroleum sectors, according to Greg Anderson, Executive Director of the Papua New Guinea Chamber of Mines and Petroleum.