#motukea

In Brief: Papua New Guinea Budget deficit rises to 9.4% of GDP, and other business stories #PNG

Treasury says deficit rises to 9.4% of GDP, foreign advisers ban, and Parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news. PNG Treasury says the 2015 deficit is expected to be K4.81 billion or 9.4 per cent of GDP, ‘which is an increase of K2.54 billion, compared to the initial deficit of  K2.27 billion or 4.4 per cent of GDP at the time of the 2015…

Curtain Bros planning huge, new dockside facilities at Motukea Island #PNG

Civil engineering firm Curtain Bros has big plans for Motukea Island, as it prepares to build new dockside facilities alongside the soon-to-be relocated Port Moresby Port. General Manager Justin McGann outlines the Motukea plans, and other new company projects, to Business Advantage PNG.

Curtain Bros General Manager Justin McGann

Motukea Island in Fairfax Harbour, just 11 km north-west of Port…

Prepare for a second ‘tsunami’ of development projects: Independent Public Business Corporation chief #PNG

The Chairman of Papua New Guinea’s Independent Public Business Corporation (IPBC), Paul Nerau, has flagged a ‘tsunami’ of government-backed development projects worth billions of kina, including the relocation of Port Moresby’s port and gas-generated electricity.

The IPBC’s Paul Nerau

The ExxonMobil-led PNG LNG project was a ‘first tsunami’, Paul Nerau told last month’s 2014 Papua New Guinea…