Ten-year project to repair and maintain Papua New Guinea’s critical Highlands Highway to start by year’s end, says Wereh

Work on the ‘most critical’ 90-kilometre section of the Highlands Highway will begin later this year, under an ambitious 10-year repair and maintenance program, funded by the Asian Development Bank. Works Secretary David Wereh tells Business Advantage PNG, he is already looking to use the funding model to ‘fix’ 16 High Priority roads in other parts of the country.
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In brief: Tolukuma to go into full production and other business news

Gold mine to go into full production, royalties scrutiny and better access to basic infrastructure. Your weekly digest of the latest business news.
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Inaugural cocoa show rewards excellence in Papua New Guinea cocoa production

Cocoa is Papua New Guinea's third-largest agricultural export. The inaugural Cocoa of Excellence show held recently in Kokopo focused on improving the quality of cocoa production to better meet international market requirements.
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In brief: New Lae power station being launched this week, and other business news

OIOpublisher Thermal power station launched this week, PNG DataCo and Telikom share fibre optics, Mainland Holdings expands wheat production. Your weekly digest of the latest business news. PNG Power’s Acting CEO Alex Oa says the new 30-megawatt thermal power station at Munum just outside Lae city in Morobe Province is expected to be commissioned this week. PPL is […]
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Highlands Pacific shifts strategy to focus on controlling projects in Papua New Guinea

Highlands Pacific is expanding its focus from large projects and exploration, to controlling interests in smaller projects offering near term returns. Highlands Pacific Managing Director, Craig Lennon, tells Business Advantage PNG it is a response to market changes.
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Papua New Guinea economy stabilising, but financial stresses remain says Bank of PNG

The Papua New Guinea economy is gradually stabilising as it adjusts to the impact of the PNG LNG project, according to the Bank of PNG's latest Monetary Policy Statement. Real economic growth is predicted to be 2.8 per cent, the kina has been steady, and the 2016 balance of payments was in surplus. But there are financial stresses, as David James reports.
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Commodities stable but LNG weak: a monthly review of Papua New Guinea’s commodities and financial markets

Commodity prices were reasonably stable over the month and precious metals strengthened. But the weakness in Liquefied Natural Gas (LNG) prices continued. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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In brief: Bank South Pacific expands into Cambodia, and other business stories

BSP enters a joint venture deal in Cambodia, management restructure planned for PNG Power, and government shelves GST rise. Your weekly digest of the latest business news.
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