‘Fundamental change’ needed with Papua New Guinea state-owned enterprises

Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.

Lae port expansion to be completed late 2019, says PNG Ports MD

A second major port in Papua New Guinea is expected to be completed in late 2019, says PNG Ports Corporation Managing Director, Stanley Alphonse. He tells Business Advantage PNG the K350 million project will include the greater Lae Tidal Basin Project and the Huon Industrial Park development in Lae.

People moves: Oil Search, PNG Ports, PNG Forest Authority, French Minister for Overseas Territories

Oil Search Directors re-elected, Managing Director at PNG Ports, confirmation of Managing Director of the PNG Forest Authority, new French Overseas Territories Minister

In brief: Chinese companies win bid to build Ramu 2 power project, and other business stories

Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.

In brief: BSP considers ASX listing, and other business stories

Bank South Pacific explores secondary listing on Australian Exchange, Highlands Pacific considers selling stake in Frieda River project and strategy to counter coffee berry borer due this week. Your weekly digest of the latest business news.

PNG Ports accelerates Lae Industrial Park build, as Stage 2 of port commences

Work on Lae’s Huon Industrial Park has been accelerated while stage two of the Lae Port development is on track to start by mid-2016, says Stanley Alphonse, the CEO of PNG Ports Corporation.

In brief: New Public Enterprises Minister to review state-owned enterprises prior to privatisation, and other business stories

Duma to review SOEs before privatisation process, Santos reported to be selling PNG LNG stake, KCH receives study on proposed 1800MW hydro dam. Your weekly digest of the latest business news.

In brief: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories

PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.

In brief: Hope that SABLs leases will be return to landowners soon, and other business stories

Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his ‘full price’. Your weekly digest of the latest business news.

Construction of Phase Two of Lae port redevelopment to start in 2016

A decision on who will build a second K300 million berth at the Port of Lae is expected by the end of 2015 and construction due to commence in 2016, according to PNG Ports’ Chief Executive Officer, Stanley Alphonse. A new industrial park and an international operator for the port is also on the cards.