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 Advantage Investment & Infrastructure Summit in Port Moresby, as he laid out his argument for a co-operative approach to developing

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, to reform the relationship between government and business, and the role of government in business. ‘There is a mountain of

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 discussion with development partners to discuss areas of cooperation and coordination, as well as visiting a financial literacy training site,

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 time to invest and do business in Papua New Guinea. “Our economy remains strong, despite a number of adverse impacts

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 Lakatani said this is the very first of its kind that they were so fortunate to use such a modern

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 partnerships, SIDS aims to focus international attention on a group of countries that remain a special case for sustainable development

SPIN doctors for Public Enterprise Minister Ben Micah and the board and management of Papua New Guinea’s national postal service have gained editorial coverage in PNG’s media to sugar-coat a bad-news situation. According to media reports quoting the Minister, Post PNG has recently been forced into a receivership situation and needed rescuing with its overseer, the Independent Public Business Corporation, agreeing to provide K40 million in rescue funds. Soon afterward the organisation launched a new

Businesses in Papua New Guinea want to be able to operate seamlessly in remote locations, and take advantage of the revolution in mobile services, says Pronto Software’s Steve Hillyard. Business Advantage PNG speaks with him about how PNG has become the software company’s second largest market. Business Advantage PNG: Pronto Software has established a strong presence as a business management software provider in PNG for more than two decades now. How has the company grown

STEAMSHIPS Trading Company has confirmed a K51.1 million profit for the half year but warned of increasing pressures driven by a slower economy. The Papua New Guinea-based company’s half-year unaudited profit after tax and minority interests marks an increase of 66.1% over the same period in 2013 but a decrease of K12.7m or 19.9% when adjusted for a 2013 impairment of the company’s shipping assets. In a report to shareholders, Steamships said there had been