Dec 15, 2017 Last Updated 3:10 AM, Dec 12, 2017

2014 September (26)

The National Petroleum Company of Papua New Guinea (NPCP), the third largest shareholder of the world class Papua New Guinea Liquefied Natural Gas project (PNG LNG) is estimated to be valued at US$8 billion to US$9 billion if it is listed on an international stock exchange on pricing basis. NPCP, which holds the State’s share in the PNG LNG project,…
Setting up a regional development bank gained the support of the Association of Development Financing Institutions of the Pacific meeting in Nuku’alofa last month. Tonga’s Acting Prime Minister Samiu Vaipulu floated the idea when he opened the regional conference. He noted the establishment of the Asian Development Bank, a Caribbean Development Bank and an African Development Bank and the most…
Pacific plantation yields record surge London Stock Exchange listed company and Papua New Guinea’s largest agribusiness, New Britain Palm Oil Limited (NPOL) will have a new owner. After two months of intense bidding exercise, Malaysian conglomerate Sime Darby Bhd was selected as the preferred bidder. It will take over the shares of current owner Kulim Malaysia. NBPOL owns 77,000ha of…
In the absence of Australia’s Tony Abbott and New Zealand’s John Key, and with Fiji still suspended from Forum meetings, Papua New Guinea’s push for regional leadership was highlighted at the Pacific Islands Forum in Palau. The choice of Dame Meg Taylor as the Forum’s new Secretary General – replacing Tuiloma Neroni Slade of Samoa – is one sign of…
Future depends on ability to fight crime Papua New Guinea, the largest of the economies within the island-Pacific in terms of population and gross domestic product, reaches the milestone of being 39 years since independence. For most individuals, reaching 39 years is signalled by the appearance of the first grey hairs and with it the signs of maturity. For me…
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