Papua New Guinea loses 12 places in World Bank’s doing business 2020 rankings

Welcome,

Papua New Guinea slipped 12 places in the World Bank’s ranking of ease of doing business, but are there any positive signs? David James analyses the report.

To access this post, you must purchase Individual Subscription or Corporate Subscription.

In brief: Kingston to get full ownership of Misima gold project and other business stories

Welcome,

Kingston Resources Ltd reaches an agreement to buy Pan Pacific Copper out of Misima gold project, Papua New Guinea’s new Minister for Environment and Conservation refutes previous investigations on Ramu Nico’s slurry spillage to the Basamuk, and PNG DataCo predicts a 42 per cent slash in internet prices. Your weekly digest of business news.

How changes to Western financial aid strategies will affect Papua New Guinea

Welcome,

The creation of a one-stop shop US development bank will see a doubling of available infrastructure funding for Asia-Pacific projects, and is expected to boost the PNG Electrification Partnership. It comes as the US, Australia and Japan have unveiled the Blue Dot Network, an initiative designed to compete with China’s Belt and Road Initiative in the Pacific region. 

To access this post, you must purchase Individual Subscription or Corporate Subscription.

A change of leadership at PNG Power: what next?

Welcome,

Acting Managing Director Carolyn Blacklock has resigned from state-owned utility, PNG Power. The announcement comes with the state-owned utility on the cusp of launching a new ‘reform agenda’.

Analysis: Electricity, partners and politics in Papua New Guinea

Welcome,

A big plan to connect 70 per cent of Papua New Guinea to power by 2030 grabbed headlines. Delivering is the true challenge, explains Shane McLeod, research associate working with the Lowy Institute’s Australia-PNG Network.

In Brief: Papua New Guinea reaffirms its commitment to the development of the petroleum and energy sectors and other business stories

Welcome,

In Brief: Papua New Guinea’s government reaffirms its commitment to the development of the petroleum and energy sectors and other business stories

Electrification Partnership beginning of new era for PNG Power

Welcome,

Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.

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

Welcome,

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.

In brief: Lihir most productive mine in PNG, and other business stories

Welcome,

Lihir most productive mine, apprentice of the year named, and a public-private partnership for power in Hela. Your weekly digest of the latest business news. Lihir Gold Mine in the New Ireland Province has topped the mining sector in the country as the most productive mine, according to Mining Minister Johnson Tuke. ‘In 2017, it […]

PM signs Papua New Guinea Electrification Partnership with Australia, US, Japan and US

Welcome,

The Prime Minister Peter O’Neill has signed the Papua New Guinea Electrification Partnership with Australia, Japan, the United States and New Zealand, whose aim is to provide power to 70 per cent of the country’s population by 2030. Currently, only 13 per cent of PNG’s population has reliable access to electricity.