People moves: St Barbara, PNG Government

Welcome,

The Managing Director of St Barbara steps down and a new Attorney-General.

In brief: O’Neill to outlaw Special Agricultural Business Leases and other business stories

Welcome,

Cabinet to ban SABLs, Telikom prepares for transition to becoming a retailer, and a possible eight-year delay in upgrading Lae airport. Your weekly digest of the latest business news.

In brief: Emergency declared in Porgera over illegal mining and other business stories

Welcome,

A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.

In brief: Boost for roads and agriculture, tax review paper released, rubber production halts

Welcome,

World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.

Simberi owner St Barbara posts AUD$192 million loss

Welcome,

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.

Private companies boost Papua New Guinea’s health sector

Welcome,

The private involvement in healthcare has expanded substantially in Papua New Guinea as foreign investment, particular into the country’s mining and petroleum sectors, has grown. We present a brief overview of the sector.

Update: Solomon Islands continues to provide business opportunities

Welcome,

Economic growth in Solomon Islands is expected to rise at a moderate four to five percent this year, a little lower than the 5.5% growth rate in 2012.