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Friday
4 September 2015
 
 
   TODAY'S STORIES
 
OIL AND GAS 
Forex causes fuel shortage


BUSINESSES operating in Papua New Guinea are feeling the effects of stringent foreign exchange regulations introduced early this year by the country’s central bank, with Puma Energy saying it has been forced to limit purchases of petrol to Port Moresby.
Full Story...


MORE OIL AND GAS

Antelope 4 drilling resumes


Oil Search buoyed by PNG LNG


Horizon in the black


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MINING 
Fees due for Niuminco


PAPUA New Guinea focused miner Niuminco will have its securities immediately suspended from official quotation by the Australian Securities Exchange today if it fails to pay listing fees.
Full Story...


MORE MINING

Isabel drilling update


Drilling hits targets


$40M bounce back for St Barbara


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MARKET WATCH 
Stimulus tarnishes gold


PLANS by the European Central Bank to expand its stimulus program has lifted confidence in global equities and strengthened the US dollar, but sent gold heading the other direction.
Full Story...


MORE MARKET WATCH

BSP committed to HR


New manager for IWCF


Hilton hotel for Moresby


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COMPANY WATCH 
A-PAC coverage expands


INTERNATIONAL shipping firm Swire has announced upgrades to its Asia Pacific multipurpose liner services, which aims to extend the company’s coverage in the region.
Full Story...


MORE COMPANY WATCH

Good performance for Kina Assets


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REGIONAL WATCH 
New manager for IWCF


THE INTERNATIONAL Well Control Forum has appointed a new Australasian regional manager who will be responsible for supporting 20 centres in Australia and New Zealand.
Full Story...


MORE REGIONAL WATCH

LNG market pressure for Qatar


Edison recognises Indonesian upside


CPC to complete study


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ECONOMY 
UK trade follows up


A FOLLOW-UP trade mission comprised of private sector investors will head to Papua New Guinea in early October to build on the momentum generated by the UK-PNG Trade and Investment Forum held in June.
Full Story...


MORE ECONOMY

Rice partnership


Fisheries centre good for Rabaul


Gov’t policies restrict growth


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Stimulus tarnishes gold


PLANS by the European Central Bank to expand its stimulus program has lifted confidence in global equities and strengthened the US dollar, but sent gold heading the other direction.
Full Story...


BSP committed to HR


THREE Bank of South Pacific employees – Kili Tambua, Merolyn Samson and Kami Gawi - have been seconded to the Bank of Philippine Islands (BPI) as part of BSP’s Leadership and Management Development program.
Full Story...


New manager for IWCF


THE INTERNATIONAL Well Control Forum has appointed a new Australasian regional manager who will be responsible for supporting 20 centres in Australia and New Zealand.
Full Story...

Hilton hotel for Moresby


INTERNATIONAL chain Hilton Hotels and Resorts have entered the Papua New Guinea tourism and accommodation market, with vice president Paul Hutton describing the country as having enormous potential.
Full Story...


Businesses urged to expand


FIJIAN businesses are being enticed to set up shop in Papua New Guinea according to PNG/Fiji Business Council chairperson Nauzab Fareed.
Full Story...


Forex causes fuel shortage


BUSINESSES operating in Papua New Guinea are feeling the effects of stringent foreign exchange regulations introduced early this year by the country’s central bank, with Puma Energy saying it has been forced to limit purchases of petrol to Port Moresby.
Full Story...


A-PAC coverage expands


INTERNATIONAL shipping firm Swire has announced upgrades to its Asia Pacific multipurpose liner services, which aims to extend the company’s coverage in the region.
Full Story...


Antelope 4 drilling resumes


PAPUA LNG project partners have begun drilling a side-track well at the Antelope 4 site after approval was obtained from the Papua New Guinean Department of Energy to resume operations.
Full Story...


Grant boosts medical research


THE PAPUA New Guinea Institute of Medical Research has been awarded a research grant to investigate point-of-care testing and the treatment of sexually transmitted infections for pregnant women.
Full Story...


LNG market pressure for Qatar


PRESSURE from Australian and Papua New Guinean LNG exports to Asia coupled with low oil and gas prices have impacted Qatar’s trade surplus, which registered a June figure of 14.3 billion riyals ($A5.6 billion).
Full Story...


Edison recognises Indonesian upside


COOPER Energy is hoping that the successful Bunian-4 appraisal/development well, which has found oil in the primary TRM3 sand and promising indications in a new deeper target, will go some way to increasing the sales price it will be able to command from its interest in the Tangai-Sukananti KSO, Indonesia.
Full Story...


Good performance for Kina Assets


BETTER-than-expected performance on the Australian Securities Exchange and consistent returns from domestic equities have been cited by Kina Asset Management Ltd chairman Rabbie Namaliu as drivers of the company performance in the first half of 2015.
Full Story...


CPC to complete study


OCEANAGOLD has appointed CPC Engineering to complete the metallurgy and process plant component of the feasibility study for its New Zealand Macraes gold-tungsten project.
Full Story...


Fees due for Niuminco


PAPUA New Guinea focused miner Niuminco will have its securities immediately suspended from official quotation by the Australian Securities Exchange today if it fails to pay listing fees.
Full Story...


O’Neill’s responds to landowners


PRIME Minister Peter O’Neill has responded to issues raised by landowner groups in Hela province pertaining to the payment of benefits and government obligations under the Umbrella Benefits Sharing Agreement (UBSA) and the license-based benefits sharing agreements (LBBSA).
Full Story...


UK trade follows up


A FOLLOW-UP trade mission comprised of private sector investors will head to Papua New Guinea in early October to build on the momentum generated by the UK-PNG Trade and Investment Forum held in June.
Full Story...





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