People moves: City Pharmacy Limited, MiBank, Steamships

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City Pharmacy Limited names new National General Manager and MiBank announces an addition to the MiBank Board.

Steamships managing director looks to growth opportunities

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One of Papua New Guinea’s oldest and largest companies is focusing on expanding its hotel and property interests, according to Managing Director, Michael Scantlebury. He tells Business Advantage PNG an uplift in PNG’s economic outlook is providing fresh investment impetus.

People moves: Steamships

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Board resignation The Board of Directors of Steamships Trading Company Limited (Steamships) has announced that Peter Aitsi has resigned from the Steamships Board,  effective October 10, 2018. He had served on the board since November 2014. ***

People moves: Steamships, Air Niugini, Kumul Consolidated Holdings, PNG Post, PNG Power

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New director at Steamships, changes at Air Niugini, Kumul Consolidated Holdings, PNG Post, PNG Power

Analysis: Papua New Guinea companies using rationalisation to adapt to weaker economic conditions

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The sluggish Papua New Guinea economy is triggering a bout of rationalisation, two of the recent examples being in the banking and manufacturing sectors.

In brief: Steamships sells Laga to Paradise, and other business stories

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Steamships sells Laga to Paradise, Credit Corp profit falls, and Papua Niugini Freezers begins exports to Solomon Islands. Your weekly digest of the latest business news.

In brief: Oil Search says there is ‘distribution’ problem with payouts, and other business news

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Oil Search acknowledges problems with payouts, Frabelle denies shut down and the ICCC starts legal proceedings against Steamships. Your weekly digest of the latest business news.

In brief: Employment Act review underway, and other business stories

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Employment and IR laws under review, Police Commissioner appeals for end to blockade of Highlands Highway, and new Agriculture Minister promises to pursue K20m for coffee borer repair. Your weekly digest of the latest business news.

In brief: Chinese companies win bid to build Ramu 2 power project, and other business stories

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Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.

Port Moresby’s remarkable dining boom

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A boom in new restaurants is improving the quality and variety of dining options in Papua New Guinea’s capital, Port Moresby, as never before, observes Andrew Wilkins.