Air Niugini and PNG Ports for partial sale
First Air Niugini, then PNG Power … then PNG Ports and the National Airports Corporation? The Papua New Guinea government is embarking on a grand plan to reinvigorate state-owned enterprises. But privatisation is not the only option to ensure SOEs function as viable entities. A White Paper will be released next month, outlining how the […]
Newsletter Issue 19th September 2014
Click here for our latest newsletter, issued 19th September 2014.
PNG’s Worldrisk Survey skyfall
PAPUA New Guinea has fallen from grace in a big way, as reflected in the 2014 RESOURCESTOCKS World Risk Survey. In the most comprehensive World Risk Survey yet undertaken, PNG slid from 30 last year to 61. PNG was among more than 70 countries rated according to financial and social risk, green and red tape, land access […]
From the President’s Desk – 12th September
Telephones to LCCI Office You are probably wondering why you have not been able to contact to the LCCI Office by Phone. Last week when the phone lines in our vicinity were down, we diverted our main number 472 2340 to a CitiPhone hand held, which allowed people to contact us. However when the lines […]
Newsletter Issue 12th September 2014
Click here for our latest newsletter from 12th September 2014.
Oil Search chief argues for co-operation in developing ‘huge’ gas potential
There is enough gas capacity in PNG for at least three more LNG trains over the next five-to-seven years, according to Oil Search CEO, Peter Botten, who’s called for gas developers to co-operate and share facilities. Papua New Guinea is at ‘the crossroads’ for gas commercialisation, Peter Botten has told the 2014 Papua New Guinea […]
Raft of privatisations to come says PNG Prime Minister
The partial privatisation of Air Niugini will be the first in a series of privatisations. Opening the 2014 Papua New Guinea Advantage Investment and Infrastructure Summit in Port Moresby this week, Prime Minister Peter O’Neill said removing government ownership will reduce waste, inefficiencies and corruption. The time has come, the prime minister told the conference, […]
Private sector operations on ADB agenda
A SENIOR official at the Asian Development Bank has arrived in Papua New Guinea to discuss the bank’s support for private sector development. ADB vice-president Lakshmi Venkatachalam met with senior government officials in Port Moresby and will visit major ADB-funded infrastructure projects including the Lae port tidal basin. She will also participate in a roundtable […]
PNG’s economy remains ‘strong’
PAPUA New Guinea’s economy remains strong, despite the adverse impact of lower commodity prices, the country’s prime minister has said. Prime Minister Peter O’Neill said PNG remained a great country in which to invest and do business. Addressing delegates at the PNG Business Advantage Summit 2014 in Port Moresby, O’Neill said it was the right […]
Newsletter Issue 5th September 2014
Click here for our latest newsletter, issued 5th September 2014.
Updates from Lae Police
Articles provided by Bustin Anzu the Police Media Officer Police cell system launched LAE police has launched its new cell management system this week. The launching of the computerised cell management system will replace the old manual system, which has been cheated and abused by police for so long. Lae Metropolitan Commander Chief Superintendent Iven […]
PNG to support, work with island states
ECONOMIC development, climate change, oceans and sustainable development in Small Island Developing States are the focus of an international conference which kicks off today. Heads of state and international delegates have gathered in Samoa for the third UN Small Island Developing States (SIDS) conference. With an overarching theme of sustainable development through genuine and durable […]
