In brief: Papua New Guinea government seeks K974 million loan from ADB and other business stories

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Papua New Guinea’s government is seeking K974 million from the Asian Development Bank, Australia to earn negligible royalties from its oil and gas assets, and Newcrest describes conditions as ‘tough’ in PNG. Your weekly digest of the latest business news.

People moves: Ramu Agri Industries, Autonomous Bougainville Government

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Ramu Agri GM moves to Sime Darby, and Autonomous Bougainville Government appoints Ministers.

In brief: Business endorses new Papua New Guinea police chief, and other business stories

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Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.

People moves: New Britain Palm Oil

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Search for new CEO at New Britain Palm Oil

Sime Darby expansion to follow takeover of Papua New Guinea’s New Britain Palm Oil

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Malaysian conglomerate Sime Darby has indicated it will expand processing operations through its takeover of New Britain Palm Oil, following its final purchase of Papua New Guinea’s largest agribusiness.

People moves: New Britain Palm Oil, Nambawan Super, Post-Courier

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New board members for New Britain Palm Oil, a new Chief Investment Officer at Nambawan Super, and a new Chairman at the Post-Courier.

In brief: Air Niugini expands services with Melanesian partnership, and other business stories

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Air Niugini secures agreement with Air Vanuatu and Solomon Airlines, Cue Energy rejects takeover offer, and Steamships closes Highlands Highway operations. Your weekly digest of the latest business news.

In brief: PNG LNG project reaches ‘financial completion’, and other business stories

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PNG LNG project satisfies financial agreements, PNG Ports profits double, and Indochine Mining raises funds. Your weekly digest of the latest business news.

In brief: Conn says Port Moresby businesses have ‘lost hope’ in security in Papua New Guinea, and other business stories

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Violence takes a toll on businesses in Papua New Guinea, Anglo American and Highlands Pacific form joint venture, and Sime Darby extends takeover deadline for NBPOL. Your weekly digest of the latest business news.

In brief: Pruaitch delivers record Budget and other business stories

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Record 2015 Budget and higher deficit, Sime Darby happy with 51% of New Britain Palm Oil and Marengo Mining raises funds for drilling program. Your weekly digest of the latest business news.