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Pernix Group looks to expand into Papua New Guinea, European Investment Bank invited into PNG and Finance Minister says LNG is not ‘a waterfall’ of money.
A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.
The Ramu 2 hydro power station looks to be on track, Mining Minister says there is interest again in Solwara 1 deep sea mining … [Read More...]
Papua New Guinean employers are bracing for a fierce battle to attract and retain skilled workers. While the skills base in … [Read More...]
The Bank of Papua New Guinea to increase monthly forex release by US$40 million, Kumul Petroleum Holdings to supply energy to … [Read More...]
Papua New Guinea relies heavily on a limited number of taxpayers. Paul Barker, Executive Director of industry-funded think tank, … [Read More...]
The Papua New Guinea kina’s exchange rate (mid-rate) against its main trading currencies, as at 22 March, 2023
USD 0.2840
AUD 0.4244
GBP 0.2323
EUR 0.2637
NZD 0.4577
JPY 37.61
SGD 0.3796Source: Bank of PNG
From the Business Advantage blog 
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