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Bank of PNG Governor Gives Preview of Expo
The expo will be held in July with two major events in Lae, Morobe Province and Port Moresby followed by smaller expos in other regions..

 
Oil prices dip on strong dollar, firm global supply
Oil prices dip on strong dollar, firm global supply

In a further indication of abundant supply, the number of rigs operated by U.S. drillers was steady last week for the first time this year.

Iran has no plans to freeze oil exports, official says ahead of OPEC meeting
Iran has no plans to freeze oil exports, official says ahead of OPEC meeting

Under the present circumstances, the government and the Oil Ministry have not issued any policy or plan to the National Iranian Oil Company (NIOC) towards halting the increase in the production...

World Bank launches $500 million insurance fund to fight pandemics
World Bank launches $500 million insurance fund to fight pandemics

Japan has committed the first $50 million towards the facility, which will combine funding from reinsurance markets with the proceeds of a new type of World Bank-issued high-yield pandemic...

How old-school factories stay alive in China
How old-school factories stay alive in China's south

In Shiling, in China's bag capital, men and women gather in the early morning looking for a day’s work...

U.S., Japan disagreement on yen moves overshadows G7 meeting
U.S., Japan disagreement on yen moves overshadows G7 meeting

Japan and the United States are at logger-heads over currency policy with Washington saying Tokyo has no justification to intervene in the market to stem yen gains, given the currency's moves remain "orderly"...

Fortuna Online Mega Sale Attracts Hundreds of Port Moresby Residents
Fortuna Online Mega Sale Attracts Hundreds of Port Moresby Residents

The discount on all Fortuna items ranged from 10% to 80% off retail price.

 BSP Hosts Annual Meeting
BSP Hosts Annual Meeting

It was conducted by BSP Group CEO, Robin Fleming and Board Chairman, Sir Kostas Constantinou...

Tour Operators Optimistic
Tour Operators Optimistic

Papua New Guinea is known as one of the last frontiers of adventure travel, and tour operators play a central role in tourism; being at the core of the industry, linking producers and consumers...

Minister Slams Tourism Promotion Authority’s Performance
Minister Slams Tourism Promotion Authority’s Performance

He feels they are not doing enough to improve the country’s brand and image, and to lure tourists into choosing PNG as an ideal travel destination.

Oil Search to Acquire InterOil
Oil Search to Acquire InterOil

Both Oil Search and InterOil released a joint statement this morning, informing the market of this ambitious plan...

Billionaire Steven Cohen wins dismissal of ex-wife
Billionaire Steven Cohen wins dismissal of ex-wife's fraud case

Chief Judge Loretta Preska of the U.S. District Court in Manhattan said Patricia Cohen failed to show that her former husband fraudulently hid $5.5 million from a soured 1986 New York City real estate transaction...

Kina Profits Rise
Kina Profits Rise

In spite of the country’s volatile economic environment, Kina Asset Management Limited has continued on with its momentum from 2015.

Canada wildfire rages near oil sand facilities, extending shutdowns
Canada wildfire rages near oil sand facilities, extending shutdowns

The fire jumped a critical firebreak late Monday where plants and trees had been removed to stop its spread, moving north of Fort McMurray into oil sand camp areas...

The Debate Over the State of the PNG Economy Continues
The Debate Over the State of the PNG Economy Continues

While speaking in Cairns during the Australia Papua New Guinea Business Forum, Prime Minister, Peter O’Neill, assured investors that the economy is stable.

Bank of PNG Governor Gives PNG’s State Of The Economy at Australia PNG Business Forum
Bank of PNG Governor Gives PNG’s State Of The Economy at Australia PNG Business Forum

Yesterday, the Governor of the Bank of Papua New Guinea, Loi Bakani, shared an economic update at the 32nd Australia Papua New Guinea Business Forum...

Day Two of the Australia PNG Business Forum
Day Two of the Australia PNG Business Forum

Some of the leading topics discussed were current challenges faced, like global commodity prices, and opportunities for PNG within the sector...

Australia and PNG Talk Bilateral Relations
Australia and PNG Talk Bilateral Relations

The theme of this year’s forum is “Today’s Investment – Tomorrow’s Returns”, and reflects an important stage reached in Papua New Guinea’s economic and social development.

Asian shares recover after Apple, oil boost Wall St.
Asian shares recover after Apple, oil boost Wall St.

Asian shares recover after Apple, oil boost Wall St.

Oil hits six-month highs on supply outages, Goldman forecast
Oil hits six-month highs on supply outages, Goldman forecast

Expectations of resumption in oil exports from a Libyan port, a ramp up in Nigerian crude production by Exxon Mobil Corp and an improved oil-for-loans deal reached by Venezuela with China...

Nine PNG Women Graduate From Global Women in Management Program
Nine PNG Women Graduate From Global Women in Management Program

The five-week business training program was specifically designed for women from developing countries.

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