Despite tough economic conditions in 2016, a major superannuation provider has managed to achieve solid financial results. On Thursday, NASFUNDRead more
By Olivia Oran (Reuters) – Wall Street is pushing back against a proposed rule to force U.S. banks like GoldmanRead more
InterOil shareholders have overwhelmingly approved a revised takeover bid from ExxonMobil, despite opposition from InterOil founder, Phil Mulacek.
In a statement, InterOil has reported over night that more than 91 per cent of the votes cast were in favour of the revised proposal.
HONG KONG (Reuters) – Asian stocks edged up to fresh 19-month highs on Thursday, helped by an extended rally onRead more
An IMF report on Papua New Guinea has suggested that the Government has responded to pressures on the budget andRead more
World demand for energy will double by 2050, according to Professor Peter McCabe, Head of the Australian School of Petroleum at the University of Adelaide. But he believes more efficient recovery methods and the increasing role of renewables will keep a lid on prices.
McCabe told the Papua New Guinea Mining and Petroleum Investment Conference last December that oil consumption in the United States and Europe has remained static for the last 40 years, due to changes in energy use. He described PNG’s gas reserves as ‘relatively small’ in the global context.Read more
As Papua New Guinea business gets back to work, Business Advantage PNG looks at some of the issues coming upRead more
Conglomerates have become a rare breed in developed economies; the strategy of diversifying across different industry sectors tends to be punished by investors who prefer specialised players. But, in Papua New Guinea, industry diversification is commonly used as a way to grow, as David James observes.
The conglomerate strategy, which is sometimes described as pursuing ‘economies of scope,’ is partly a response to the relatively small size of PNG’s economy. When companies achieve a sizeable market share in one market sector, they often find it difficult to grow further, so to expand they look further afield.Read more
Papua New Guinea’s forestry faces fierce competition and pricing challenges, Chief Executive of the Forest Industries Association, Bob Tate, tells Business Advantage PNG. He says developments in China are troubling for the sector.
Tate says the weakness in export markets ‘is mainly a function of both economic downturn in China and the Chinese government embarking on a program of restructuring their industry.Read more
Education, determination and passion are the main driving forces behind the success of Linda Sincha Paru, an Human Resources specialist,Read more