Petromin acquires Eda Oil for K270million
-THE Mineral Resource Development Corp has transferred its subsidiary Eda Oil Ltd and its assets to Petromin PNG Holdings.

Steamships lifts H1 net to K35.7mil
-STEAMSHIPS Trading announced yesterday that its after tax profit for the half year to June has leaped by 38.8% to a record K35.7 million after total revenue rose 18.6% to K192.6 million.

Digicel Fiji submits bid for a mobile licence
-DIGICEL, the mobile operator connecting the South Pacific, has expanded its footprint in the region with Digicel Fiji’s submission of a bid for a mobile licence from the Fijian government.

Tuna meet gets more sponsors
-ALTHOUGH the National Fisheries Authority (NFA) has already raised K200,000, more financial backing continues to flow in as the Pacific tuna forum draws near.

Loans for informal sector sought
-COMMERCIALS banks have been urged to find ways for small entrepreneurs in the informal sector to access small business loans.