Increasing private sector involvement in Papua New Guinea’s state-owned enterprises (SOEs) would be a ‘powerful mechanism’ for improving the sector’s efficiency, according to a new report by the Asian Development Bank.
Asian Development Bank puts case for greater private involvement in state-owned enterprises
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21 Sep 2016 by 1 Comment
In brief: Sir Mekere Morauta offers 3-step solution to K2 billion PNGSDP dispute, and other business stories
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4 May 2016 by 1 Comment
Sir Mekere Morauta calls for ‘genuine government effort’ to resolve K2 billion dispute, IFC approves credit facility and Manus business leaders want to be treated as a ‘special case’, if detention camps close. Your weekly digest of the latest business news.
In brief: Bank of Papua New Guinea seeks K793 million loan to assist foreign exchange backlog, and other business stories
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30 Mar 2016 by Leave a Comment
Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.
In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories
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16 Mar 2016 by Leave a Comment
Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.
People moves: Air Niugini, PNG Power, Petroleum and Energy Dept
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9 Mar 2016 by
Air Niugini’s new Operations Manager in Solomon Islands, Cabinet to appoint a new Chairman of PNG Power, a new Acting Secretary for Petroleum and Energy
In brief: Ok Tedi mine reopens and other Papua New Guinea business stories
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2 Mar 2016 by Leave a Comment
Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.
In brief: New Public Enterprises Minister to review state-owned enterprises prior to privatisation, and other business stories
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3 Feb 2016 by
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.
Power outages in Papua New Guinea’s three main grids the result of inadequate maintenance, not installed capacity: review
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13 Jan 2016 by 4 Comments
An analysis of Papua New Guinea’s three main power grids has revealed that inadequate maintenance of plants and the transmission lines is the primary cause of frequent power outages, according to a review conducting by London-based consultants, Economic Consulting Associates. The review also comes with some recommendations.
Ramu 2 hydropower one of five renewable power projects to boost Papua New Guinea power generation
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17 Dec 2015 by 1 Comment
The Ramu 2 Hydro Power Project is expected to increase total electricity generation capacity in Papua New Guinea by 36%, according to the Managing Director of Kumul Consolidated Holdings, Garry Hersey. It’s one of five new energy projects launched recently.
Key meeting this week to agree on Action Plan to boost major Papua New Guinea power grids
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9 Dec 2015 by Leave a Comment
Hopes are high that an action plan to resolve the problems facing Papua New Guinea’s three main power grids will be endorsed at a key stakeholders’ meeting in Port Moresby this week, according to Gavin Murray, the International Finance Corporation’s (IFC) Country Manager for the Pacific region.
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