Bans on tuna fishing devices in the Pacific to continue

Welcome,

A Pacific-wide three-month ban on fish aggregating devices (FADs) has been extended for another year to allow tuna stocks to continue to revive. But in a warning to other fishing nations, Palau is going ahead with its ban on all commercial fishing vessels.

In brief: US$8 billion Frieda River feasibility study released and other business stories

Welcome,

Feasibility study for Frieda River mine in Sepik Province reveals expanded project, government accounts close this Friday and Pacific nations look to extended their exclusive economic zones. Your weekly digest of the latest business news.

In brief: BSP Chairman says dual listing on ASX ‘speculative’, and other Papua New Guinea business news

Welcome,

Papua New Guinea’s largest bank considers dual listing, ADB outlook for PNG ‘positive’, and Santos restructures. Your weekly digest of the latest business news.

People moves: MiBank, Parties to the Nauru Agreement

Welcome,

MiBank appoints a new Chairman, Papua New Guinean appointed to head up the Parties to Nauru Agreement, a new Country Manager for AirSwift

In brief: Pacific Marine Industrial Zone gets the go ahead, and other business stories

Welcome,

Government tells Chinese company to start building Madang’s Pacific Marine Industrial Zone, new Tourism Minister unimpressed with Tourism Promotion Authority and second LNG ship is named Kumul. Your weekly digest of the latest business news.

People moves: Parties to the Nauru Agreement, Lowy Institute

Welcome,

The CEO to the fishing organisation, the Parties to the Nauru Agreement, to step down and Hayward-Jones leaves the Lowy Institute.

In brief: LNG overtakes gold as top export and other Papua New Guinea news

Welcome,

LNG overtakes gold as PNG’s top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.

In brief: Papua New Guinea preparing to refinance Oil Search share loan, and other business stories

Welcome,

Banks vie to renew government’s loan for shares in Oil Search, structural faults in Phase One of new Lae port, OK Tedi to resume operations next month. Your weekly roundup of the latest business news.

In brief: Oil Search fends off takeover offer after Woodside shelves bid, and other business stories

Welcome,

Woodside drops takeover bid for Oil Search, coffee pulper machine installed for smallholders in Jiwaka Province, and market conditions force Hides Gas Development Company to cut workforce. Your weekly digest of the latest business news.

In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories

Welcome,

Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.