PNG to seek damages on UBS loan deal
PORT MORESBY — An investigation will be conducted into the “main players” in the Union Bank of Switzerland (UBS) K3 billion (US$1.3
April 26, 2022
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PORT MORESBY — An investigation will be conducted into the “main players” in the Union Bank of Switzerland (UBS) K3 billion (US$1.3
Papua New Guinea Prime Minister James Marape says those implicated in the controversial K3 billion UBS loan will be criminally prosecuted.
Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland (UBS) in
Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland in 2014, far more than earlier thought.
The proposed merger of oil and gas companies Oil Search and Santos could put downward rating pressure on Santos, according to S&P
Oil Search rejected an unsolicited scrip-based takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at
