Business concern about Papua New Guinea’s new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.
In Brief: Concern about changes to investment laws and other business stories
People Moves: Bank South Pacific, PNG Air
Notable Papua New Guinea-related appointments and departures. This week: a new head of BSP Digital, CFO departs PNG Air.
In brief: Visas-on-arrival suspensions for November, and other business news
Visa suspensions to hit tourism, rice imports slammed, and a coal power plant proposed for Lae. Your weekly digest of the latest business news.
In Brief: KAML announces half-year profit of K1.22m, and other business stories
Kina Asset Management’s half-year net profit, Range View precinct under way, and a local tech company trials its own messaging app. Your weekly digest of the latest business news.
Public holidays declared in Port Moresby due to APEC summit, says CEO
The two days before the APEC Leaders meeting have been declared national holidays in the National Capital District in Port Moresby, according to Chris Hawkins, the Chief Executive Officer of APEC Papua New Guinea. He told an APEC summit briefing that Papua New Guinea has advantages when it comes to hosting the big event.
In brief: Prime Minister O’Neill on trade visit to China, and other business stories
Prime Minister O’Neill on trade visit to China, state of emergency in Southern Highlands, and the future of trade tariffs on tuna exports to the UK. Your weekly digest of the latest business news.
People moves: Credit Corporation, PNG Air
A new general manager for Credit Corporation, a resignation at PNG Air.
People moves: PNG Air, Papua New Guinea Chamber of Commerce and Industry, Works Dept., Corrs Chambers Westgarth, NASFUND
The CEO of PNG Air resigns, the President of the Papua New Guinea Chamber of Commerce and Industry quits, Works Secretary re-appointed, a promotion to Partner at a Corrs Chambers Westgarth, NASFUND appoints a brand ambassador
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.
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