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In brief: Vaccine roll-out commences in Papua New Guinea and other business stories

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Vaccine roll-out commences in Papua New Guinea, the effects of the liquor ban in PNG breweries, and funding for the Edevu Transmission and Electrification project. Your business news curated.

People moves: PNG Chamber of Mines and Petroleum, Mayur Resources, National Gaming Control Board, Oil Search, National Executive Council

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A new president for the Papua New Guinea Chamber of Mines and Petroleum, a new head for Mayur Resources’ lime and cement business, Oil Search welcomes a Director, the National Gaming Control Board adds to its board, and a new Deputy Controller of the National Pandemic Response.

In brief: vaccine rollout announced for Papua New Guinea and other business stories

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Vaccine rollout announced for Papua New Guinea’s 22 provinces, Enga Electrification Project gets funding and Kumul Petroleum to seek funding for gas fields overseas. The news in brief.

Nambawan Super focused on the long term

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Papua New Guinea’s largest superannuation fund, Nambawan Super, is a major domestic investor across the economy. CEO Paul Sayer talks with Business Advantage PNG about the impact of the COVID-19 pandemic on its investments, and its future plans.

Papua New Guinea’s ‘public health emergency’ a continued challenge, says Oil Search MD

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Having emerged from the ‘most challenging’ year in its 92-year history, Oil Search Ltd is now facing an escalation of COVID-19 infections in Papua New Guinea. In spite of this, shareholders at its annual general meeting were told PNG’s largest company is ‘coming through the challenges well’.

In brief: growth projections for Papua New Guinea downgraded and other business stories

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Fitch Solutions downgrades growth projections for Papua New Guinea, St Barbara Ltd unveils promising feasibility study for its Simberi gold mine, and Kina Bank introduces fee-free account. The news in brief.

Lower demand sees Papua New Guinea’s agricultural exports fall

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The latest figures from the Bank of Papua New Guinea reveal the negative impact of the global pandemic on PNG’s agricultural sector. Exports of all the country’s major agricultural commodities fell in the 12 months to September 2020, although the falls were partly offset by improved prices in some cases.

Papua New Guinea’s Parliament adjourned; and vote of no confidence avoided

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With increasing numbers of COVID-19 cases in Papua New Guinea, Prime Minister James Marape says it’s ‘no time to play politics’ and has adjourned Parliament until 10 August.

In brief: Link PNG and PNG Air seek to join forces and other business stories

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Link PNG reapplies to get a shareholding in PNG Air, Air Niugini announces new requirements for international travel and BSP launches new cashless product. The business news in brief.

In brief: NCSL’s plans to become ‘best electronic bank’ in Papua New Guinea and other business stories

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NCSL talks about its plans to become an ebank, Papua New Guinea’s Treasurer, Ian Ling-Stuckey reveals potential second economic stimulus package for MSMEs and changes in taxation collection in Bougainville. The business news in brief.