In brief: Treasury to review 2015 Papua New Guinea Budget, and other business stories

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Falling commodity prices and rating outlook drop prompts Budget review, O’Neill supports Madang marine zone and new police chief to boost numbers in Port Moresby. Your weekly digest of the latest business news.

In brief: Salini-Impregilo to develop Papua New Guinea’s biggest hydro project, and other business stories

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Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.

High interest rates a hurdle for investors, says Nambawan Super, and other business stories

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Call for government to lower interest rates, inflation rises and Air Niugini reduces fuel surcharge. Your weekly digest of the latest business news.

Bemobile upgrade has begun, says new CEO

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With money finally in the bank and an experienced hand at the helm, are the fortunes of PNG’s troubled mobile phone company Bemobile about to turn? Business Advantage PNG spoke with Sundar Ramamurthy – who last week became its ninth CEO and its fourth in a year – to find out.

Solomon Islands businesses counting the cost of devastating flood

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While businesses are open again in the centre of Honiara, Solomon Islands, after last week’s devastating floods, transport appears to be the main problem facing business owners.

Progress on Papua New Guinea’s national broadband network

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Construction of Papua New Guinea’s national broadband network is progressing, with major milestones set be reached by mid 2015, according to technology consultant Sundar Ramamurthy, who is assisting the PNG government’s Independent Public Business Corporation on the project.

Simberi owner St Barbara posts AUD$192 million loss

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ASX-listed gold producer, St Barbara Ltd, which owns the Simberi mine in Papua New Guinea’s New Ireland, has posted a full-year net loss of AUD$192 million (K409 million), due primarily to a lower gold price.

In brief: Pacific tuna catch limits wanted and other stories

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The Pacific demands tuna catch limits, a corruption report injunction lifted, and a call for a national debate on foreign investment laws. Your quick digest of the week’s business news.

Around the world: Papua New Guinea economy ‘at risk’ and other international stories

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The Bank of Papua New Guinea warns of economic risks, while Brazil provides some pointers to the employment of more women in the workforce.

Papua New Guinea, Timor Leste stand out in slowing Pacific economy

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Growth across the Pacific region is expected to slow slightly during 2013, with Timor Leste, Papua New Guinea and Nauru the outstanding performers, according to a mid-year review by the Asian Development Bank.