Head of bank comments on foreign exchange improvement at the end of last year, alluvial mining reserved for Papua New Guineans. and Santos reports record profits. The business news you need today.
In brief: Papua New Guinea’s foreign exchange reserves up and other business stories
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27 Jan 2022 by Leave a Comment
In brief: BSP Financial Group announces half year results and other business stories
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25 Aug 2021 by Leave a Comment
BSP Financial Group and Oil Search present half year results, Papua New Guinea signs agreement with the Organisation for Economic Co-operation and Development. The business news you need today.
In brief: Due diligence starts on Santos/Search merger
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10 Aug 2021 by Leave a Comment
Santos and Oil Search potential merger advances, Twinza Oil wants Pandora gas fields license announced before the Pasca A agreement, and funding for Pacific fisheries. PNG business news in brief.
People moves: Oil Search, NZTE
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9 Aug 2021 by Leave a Comment
Oil Search elects a new EVP Group Finance (Acting) and New Zealand Trade and Enterprise (NZTE) welcomes a Trade Commissioner to the Pacific.
In brief: Simberi mine suspends operations temporarily and other business stories
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31 May 2021 by Leave a Comment
St Barbara has suspended operations of its Simberi project until it is safe to restart, Air Niugini relaxes COVID-19 restrictions for national flights, and global shortage of storage containers might impact Papua New Guinea’s trade. The business news in brief.
People moves: PNG Chamber of Mines and Petroleum, Mayur Resources, National Gaming Control Board, Oil Search, National Executive Council
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5 May 2021 by Leave a Comment
A new president for the Papua New Guinea Chamber of Mines and Petroleum, a new head for Mayur Resources’ lime and cement business, Oil Search welcomes a Director, the National Gaming Control Board adds to its board, and a new Deputy Controller of the National Pandemic Response.
Stock exchange: Could a new levy stifle Papua New Guinea’s capital markets?
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24 Feb 2021 by Leave a Comment
The Acting Chairman of the Securities Commission Alex Tongayu has issued an order that a new levy will be applied to all transactions on the PNGX, Papua New Guinea’s stock market. It has raised concerns that it will impede the growth of the country’s capital markets.
In brief: Reopening Porgera ‘will have a more immediate restorative effect’ and other business stories
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8 Feb 2021 by Leave a Comment
Foreign exchange pressures continue to escalate, the Executive Director of the Institute of National Affairs talks about the ‘restorative effect’ reopening Porgera could have, and Oil Search back on track.
In brief: Bougainville’s President ends speculations about the future of Panguna and other business stories
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1 Feb 2021 by Leave a Comment
President Ishmael Toroama says Bougainville is not ‘colluding’ with third parties to reopen Panguna, new project to increase regional and international trade in the Pacific, and potential date for the launch of ISEZ’s project program.
In brief: Talks with Total to resume and other business stories
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7 Dec 2020 by Leave a Comment
Supreme Court to make ruling, Telikom PNG cuts fixed-line call services, and a Total delegation readies to talk Papua LNG. The business news you need to kickstart your week.
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