Canadian company K92 Mining gets lease extension, PNG DataCo announces cables damaged after the September earthquake have been repaired and Kina Bank changes plans because of the raise in corporate tax. Your business news, curated and summarised.
In brief: K92 gets lease extension for Kainantu mine and other business stories
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Papua New Guinea’s Treasurer announces largest Budget ever for 2023
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The first National Budget of the returned Marape Government predicts record government revenues and expenditure in 2023, with significant increases in spending on infrastructure, law and order, education and health.
People moves: Ok Tedi, Geopacific Resources, Data#3
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Senior resignations at Ok Tedi Mining and Geopacific Resources, while Data#3 appoints new CFO.
In brief: Prime Minister Marape invites US and China to invest in Papua New Guinea and other stories
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Prime Minister James Marape on a free trade agreement with China, invitation to the United States to invest in Papua New Guinea extended, and renewed interest in the Solwara One project.
Papua New Guinea’s resources sector to gather in Sydney
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Next month’s 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney (5 to 7 December) will mark the event’s return for the first time since the COVID-19 pandemic. Business Advantage PNG previews what to expect.
Queensland launches new Pacific Trade Strategy
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Last week, Queensland Treasurer and Minister for Trade and Investment Cameron Dick visited Papua New Guinea to launch the Australian state’s new Pacific Trade Strategy. Business Advantage PNG caught up with him for an exclusive chat.
Executive class: up-and-coming Papua New Guinea professionals [part 4]
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Meet Jacqui Joseph, Chief Executive Officer & Co-Founder of Equal Playing Field, an NGO working to prevent gender-based violence. Joseph is another Papua New Guinean under 40 making a difference in the community.
Five questions for Mauro Leone, Area General Manager for IHG in Papua New Guinea
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IHG (Intercontinental Hotels Group) PNG is represented by the Holiday Inn Suites, Holiday Inn Express and the Crowne Plaza Residences in Port Moresby. We sat down with IHG’s Area General Manager Mauro Leone to see how the group is trading — and what he expects from the year to come.
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