Motukea Island a ‘suitable site’ for Port relocation, majority of Papua New Guinea SMEs in retail, and PNG first Pacific nation to join alliance. Your weekly digest of the latest business news.
PNG Power
Companies and dealers ‘adversely affected’ foreign exchange availability in Papua New Guinea, Bougainville Government considers large-scale mining, and Asian Development Bank commits K1.7 billion to PNG. Your weekly digest of the latest business news.
PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.
Government go ahead for Crater Mountain gold mining, Bank of South Pacific profits rise 16%, study to upgrade Ramu Highway signed. Your weekly digest of the latest business news.
The Chairman of Papua New Guinea’s Independent Public Business Corporation (IPBC), Paul Nerau, has flagged a ‘tsunami’ of government-backed development projects worth billions of kina, including the relocation of Port Moresby’s port and gas-generated electricity.
Central bank governor says economic stability dependent on kina pegging, Panguna landowners support re-opening of gold and copper mine, and 2015 Budget may be a deficit budget with ‘no significant strategic changes’. Your weekly digest of the latest business news.
New Britain Palm Oil Limited and the West New Britain provincial government have held preliminary talks which could see electricity generated from the company’s waste products provided across the entire province.
Japan funding K2 billion for roads and bridges, the National Executive Council prevents PNG Power from defaulting on overdraft and PanAust buys 80% share of Frieda River project. Your weekly digest of the latest business news.
National Roads Authority and Planning Minister discuss state of PNG roads, National Airports Corporation releases commercial tenders at POM, and Cue Energy puts PNG assets on market. Your weekly digest of the latest business news.
Prime Minister Peter O’Neill refuses to step aside after corruption claims, courts approve UBS loan repayments and Papua New Guinea’s financial system is worth nearly K40 billion. Your weekly digest of the latest business news.