Papua New Guinea Earthquake Update: relief efforts continue as Restoration Authority established

The Papua New Guinea government has set up a new authority to oversee the restoration of services and infrastructure, following the February 26 earthquake. As humanitarian relief work continues, analysts expect GDP to fall slightly.

In brief: Broadening of Papua New Guinea tax base predicted, and other business stories

Future Budgets expected to see significant tax changes, Sovereign Wealth Fund to be finalised in 2018, and PNG Air enters freight market. Your weekly digest of the latest business news.

In brief: Central bank maintains monetary policy stance, and other business stories

BPNG’s monetary policy unchanged, Minister wants real estate industry controlled, and debit cards to double in the next 12 months.

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

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: More than just a Supplementary Budget needed says UN Country Manager, and other business stories

Roy Trivedy says Supplementary Budget is essential but not enough, Telikom and bmobile merger approved, visas for SME workers on hold.

In brief: Sir Michael Somare retires after 49 years in politics, and other business stories

Founding Prime Minister retires, new US Embassy to be built, NRI questions land allocation for petroleum park. Your weekly digest of the latest business news. Papua New Guinea’s longest serving MP and first Prime Minister, Grand Chief Sir Michael Somare, has bowed out of politics after 49 years. The former Prime Minister said at an NBC Press Club interview […]

In brief: Trade official asks why Papua New Guinea spends K5 million annually on imported clothes, and other business stories

Call for garment and textile sector to replace imported clothes, beneficiary groups intending to petition the Government over equity in PNG LNG, solar power could be the answer to Lae’s power problems. Your weekly digest of the latest business news.

In brief: Newcrest sells Hidden Valley stake to Harmony and other business news

Newcrest Mining sells its Hidden Valley stake to Harmony Gold, group marketing of coffee exports to South Korea and an agreement to ban harmful fisheries subsidies. Your weekly digest of the latest business news.

People moves: New service delivery manager at PNG Air

Glenn Dunstan has joined PNG Air as Manager of Service Delivery. Dunstan has worked with a number of resource sector companies, including ExxonMobil PNG.

In brief: manufacturing affected by downturn in the economy and other business stories

Manufacturing affected by downturn in economy, Japanese International Co-operation Agency ready to start Lae-Nadzab Development Project and CPL’s profit comes in at K6.5 million. Your weekly digest of the latest business news.