Minister for State Enterprises Sasindran Muthuvel has revealed his plans to reform Papua New Guinean’s under-capitalised state utilities and telecommunications businesses. The future could involve partial privatisation, he says.
PNG Power
LinkedIn could be the tool you need for your SME marketing, Australia set to announce investment in Papua New Guinea power infrastructure and how to ace a networking event. Readings from around the world on business, leadership and management.
Kina and the Asian Development Bank join forces, the Bank of Papua New Guinea launches its ‘regulatory sandpit’, and PNG’s first rooftop solar power trial begins. This is your weekly digest of business news.
In this exclusive interview, Bank South Pacific’s Chief Executive Officer, Robin Fleming, speaks with Business Advantage PNG about the real impact of Papua LNG and P’nyang, how power cuts are affecting mobile banking and the prospects for business in 2020.
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.
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.
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.
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’.
Papua New Guinea’s stock exchange changes its name, Oil Search signs MoU to help sustainable agriculture, and PNG Power reviews financial reporting. Your weekly digest of business news.
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.