The State of Papua New Guinea has lost its attempt in the Singapore High Court to wrest control of the remaining assets of PNG Sustainable Development Program Ltd (PNGSDP), worth US$1.4 billion (K4.72 billion).
Papua New Guinea Sustainable Development Program (PNGSDP)
Electoral Commissioner says campaign period will last eight weeks, Ombudsman suspends release of development funds until after the election and cocoa production back to average levels before borer struck. Your weekly digest of the latest business news.
Papua New Guinea’s cocoa industry is recovering from the pest, but the cocoa pod borer (CPB) still presents a major challenge and is unlikely ever to be fully eradicated, Cocoa Board of PNG project manager John Moxon tells Business Advantage PNG.
The El Nino weather pattern which has seen the temporary closure of the Ok Tedi mine could potentially last for up to a year, according to former senior PNG agriculture business executive, Bob Hansen, adding the loss of mining income could be as much as K2.77 billion a year.
The International Court for the Settlement of Investment Disputes has declined to hear PNG Sustainable Development Program’s claims against the Government of Papua New Guinea. PNGSDP was seeking restitution of the 63.4 per cent…
State Solicitor refuses approval for purchase of Motukea island land for port relocation, Confusion over Ok Tedi compensation payments, report says PNG state-owned enterprises under performing compared to Pacific counterparts. Your weekly digest of the latest business news.
China lifts freeze on funding for Pacific Marine Industrial Zone, only five SABL leases handed back and Malaysian company to build satellite township in Central province. Your weekly digest of the latest business news.
A new approach to managing PNG’s economy, Manus Island detention centre to be ‘wound down’, and PNG cricketers turning professional. Your weekly digest of the latest regional business news.
First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.
World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.
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