In brief: Reopening Porgera ‘will have a more immediate restorative effect’ and other business stories

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Foreign exchange pressures continue to escalate, the Executive Director of the Institute of National Affairs talks about the ‘restorative effect’ reopening Porgera could have, and Oil Search back on track.

What is the population of Papua New Guinea? [analysis]

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It is estimated that between eight and nine million people live in Papua New Guinea, but no one knows for sure. Honorary Associate Professors Mike Bourke and Bryant Allen from the Australian National University explain why PNG’s census was a failure and what can be done to avoid another potential flop this year.

In brief: Papua New Guinea to receive K1 billion loan from Japan and other business stories

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Japan helps Papua New Guinea with a generous loan, the Internal Revenue Commission launches its annual work plan and Prime Minister Marape visits Jiwaka Province.

People moves: Credit Corp, PacTow, New Zealand High Commission, Nambawan Super

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CEO resigns from Credit Corp, Pacific Towing welcomes a new Operations Manager, New Zealand announces a new Deputy High Commissioner to Papua New Guinea, and Nambawan Super appoints four Trainee Directors to the Board.

Departing PNG Power Chairman calls for commitment to reform

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Departing PNG Power Chairman Peter Nupiri has called for less political interference in the state-owned utility and a ‘strong commitment’ from government for its reform.

In brief: Bougainville’s President ends speculations about the future of Panguna and other business stories

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President Ishmael Toroama says Bougainville is not ‘colluding’ with third parties to reopen Panguna, new project to increase regional and international trade in the Pacific, and potential date for the launch of ISEZ’s project program.

In brief: Mineral Resources Authority commends K92 Mining for paying taxes and other business stories

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K92 Mining sets example in the mining industry in Papua New Guinea, Australia commits funds to help PNG get COVID-19 vaccinations and latest survey on COVID-19’s impact on the business community.

People moves: ExxonMobil, NDB, NBPOL, Twinza, Minister for Foreign Affairs, Pacific Community, Capital Insurance Group, Papua New Guinea Cocoa Board, Kumul Telikom Holdings

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ExxonMobil announces executive changes, the National Development Bank names a new Chief Financial Officer, New Britain Palm Oil appoints new boss, Lae gets a new Consul-General, Pacific Community welcomes a Deputy Director-General Operations and Integration, Capital Insurance Group names Chief Operating Officer, new head for Papua New Guinea Cocoa Board and announcement at Kumul Telikom Holdings.

In brief: Wafi-Golpu licence expected by the end of July or August and other business stories

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Mining Minister is optimistic about Wafi-Golpu mining project, Police Commissioner must vacate office before the end of the month and Australia’s Seasonal Worker Program is back. 

In brief: Digicel possibly up for sale and other business stories

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COVID-19 tests now mandatory for incoming flights to Australia, Digicel’s Pacific operations could be up for sale and K92 organises a visit to the Kainantu mine.