The OK Tedi takeover examined, cash for Bemobile, sovereign wealth fund, SABLs

PNG Business Update

September 26, 2013

Latest news

Bemobile gets cash injection as government steps in

The Papua New Guinea Government has increased its stake in mobile phone company Bemobile, following the collapse of a deal with the Fiji National Provident Fund. A public float is planned. Read on ...

SABL reports reveal corruption and mismanagement 

After a two-year investigation into the controversial Special Agricultural Business Leases (SABL) system, reports presented by two of the commissioners have found that only four of the 42 leases they examined had obtained landowner consent. Read on ...


Papua New Guinea Sovereign Wealth Fund coming in a nick of time

With Papua New Guinea's Sovereign Wealth Fund (SWF) due to receive its first revenues next year, the Governor of the country's central bank has given his approval. Meanwhile, the International Monetary Fund has sounded a note of caution. Read on ...

Opinion & analysis

O’Neill faces financial risks over nationalisation of Ok Tedi: Howes

Last week’s legislation to nationalise the PNG Sustainable Development Program (PNGSDP) and Ok Tedi Mining Limited carries severe risks and negative implications for development in PNG, writes Stephen Howes (pictured right), Director of the Development Policy Centre at the Australian National University. Read on ...

Around the world

Ok Tedi, Papua New Guinea corruption and other international stories

Attempts to understand the Ok Tedi acquisition, a powerful television report on corruption allegations, plus a golfing coup for Fiji. Read on ...

People moves

OTML, Bemobile, Coppermoly, Nautilus Minerals and more

Big changes at Ok Tedi Mining, the new chair at Bemobile finally takes his seat, a new exploration manager at Coppermoly and board changes at Nautilus. Read on ...


Technology: new iPhone, Microsoft tablet and Twitter lingo

New iPhone breaks records, Microsoft releases new tablets, and wising up on your Twitter vocabulary. Read on ...


New Remington website launched

The Remington Group of Companies is proud to announce the launch of their new website, Read on ... 

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