PNG economy changes gear; PNG Government restructures PNG Power; PNG banks operate in high risk environment.

PNG Business Update

April 29, 2015
Airways Hotel


Economic update: Papua New Guinea changes gear

Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy. Read on...

Latest news

PNG Government takes action to restructure PNG Power

As the Papua New Guinean Government prepares to present a state of emergency report on the country’s electricity services, it has stepped in to make major changes to the way state utility PNG Power Ltd is managed to make it ‘more corporate oriented’. Read on...

Papua New Guinea banks operate in ‘high risk’ environment, says Standard & Poor's

Ratings agency Standard & Poor’s says PNG’s banks operate in a ‘high risk’ environment, with regulation and supervision ‘comparatively lenient’. Read on...

In brief

Salini-Impregilo to develop Papua New Guinea's biggest hydro project, and other business stories

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. Read on... 

People moves

Independent Public Business Corporation, PNG Power, Newcrest Mining, Virgin Australia

A new Managing Director at the IPBC, a new Executive Director at PNG Power, Newcrest Mining appoints a Chief Development Officer and a new chair for Virgin Australia. Read on...
BSP ready set top up
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