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.
Cabinet considers a rise in the minimum wage, Australia to involve private sector in aid delivery, and Oil Search expects huge annual cashflow from LNG plant. Your weekly digest of the latest business news.
New CEO at Telikom PNG, two new board members at IPBC, a resignation at PNG Power, a new council president, and Leighton’s chairman to retire.
Study into limestone production in Simbu, PNG Power CEO reinstated and enquiry into coastal shipping costs. Your weekly digest of the latest business news.
A new chairman for PNG Power, new COO at Marengo Mining.
A new national air traffic management system, Koim declares victory after jailing of MP on corruption charges and Tekikom and Digicel boost remote services. Your weekly digest of the latest business news.