In Papua New Guinea for the long stay: Hilton, Marriott and more

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Papua New Guinea’s property developers have been busy renovating properties and putting the finishing touches to new projects, including Marriott- and Hilton-branded executive apartments, as the sector gears up for greater economic activity.

People moves: Airways Hotel, Pacific Palms Property, MVIL

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New additions at Airways Hotel & Residences and Motor Vehicles Insurances Ltd, managerial appointment at Pacific Palms Property.

Papua New Guinea’s property developers join forces

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Papua New Guinea’s major property developers and investors recently banded together to create the PNG Property Developers Association. Deputy Chairman Rupert Bray explains the reasons behind the move to Business Advantage PNG.

Steamships managing director looks to growth opportunities

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One of Papua New Guinea’s oldest and largest companies is focusing on expanding its hotel and property interests, according to Managing Director, Michael Scantlebury. He tells Business Advantage PNG an uplift in PNG’s economic outlook is providing fresh investment impetus.

In brief: O’Neill expects loans of US$790m to ease foreign exchange pressure this year, and other business stories

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Prime Minister O’Neill working on loan to ease foreign exchange pressure, domestic market obligation for future LNG projects, and Western LNG project likely to be stand-alone. Your weekly digest of the latest business news.

Port Moresby’s Harbourside cuisine revolution

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A burgeoning middle class, an increase in expatriate workers and some entrepreneurial initiative is transforming the local cuisine. One of the more progressive developments is Pacific Palms Property’s Harbourside precinct, which will host up to six restaurants. Business Advantage PNG speaks to the General Manager, Andrew Potter, and Travers Chue, who runs one of the tenants—Duffy café.

Steamships’ new chief in Papua New Guinea keeps powder dry for coming challenges and opportunities

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The next 12 months or so is a time to digest and consolidate, says Peter Langslow, the incoming head of one of Papua New Guinea’s largest and oldest companies, Steamships Trading Company. He told Business Advantage PNG, however, it is also a time to prepare for fresh opportunities.

In brief: new Petroleum Minister, Oil Search bond buyback and other stories

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PNG’s new Petroleum Minister, officials in Abu Dhabi to negotiate Oil Search bond buyback, and the cost of Manus Detention Centre detailed. Your weekly digest of the latest business news.