IFC looking at investment opportunities ‘even more actively’ in Papua New Guinea, says new country head

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Markus Scheuermaier is the International Finance Corporation’s (IFC) new Resident Representative in Papua New Guinea. He shares his thoughts on how the IFC can make the most difference in PNG with Business Advantage PNG.

Prime Minister to open Papua New Guinea’s prestigious international investment conference

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Papua New Guinea’s Prime Minister, the Hon. James Marape MP, will make the opening address at the 2021 Business Advantage Papua New Guinea Investment Conference on the morning of Tuesday 7 September.

People moves: Ok Tedi Mining

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Ok Tedi Mining Limited (OTML) farewells Chairman.

In brief: K92 Mining strikes gold and other business stories

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K92 Mining announces high-grade mineralisation in Judd vein deposit, SP Brewery new product launch, and Twinza Oil still waiting on final agreement for Pasca A. The business news you need today.

Kina Bank reports rise in net profits for first half of the year

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Kina Bank has reported a 36% increase in net profit for the first half of 2021, compared to the corresponding period last year.  The results suggest the bank is successfully weathering the impact COVID-19 pandemic.

Super ideas: how to build wealth in Papua New Guinea

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PNG Now spoke with four of the largest superannuation fund’s executives and senior managers for the inside scoop into super.

In brief: BSP Financial Group announces half year results and other business stories

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BSP Financial Group and Oil Search present half year results, Papua New Guinea signs agreement with the Organisation for Economic Co-operation and Development. The business news you need today.

People moves: Kumul Petroleum Holdings, Oil Search, International Finance Corporation

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Kumul Petroleum Holdings Limited (KPHL) welcomes new directors to its board, departure from Oil Search board, and the International Finance Corporation (IFC) gets a new Regional Director.

Fortescue’s pivot towards renewable energy

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Why is Fortescue Metals Group, which makes most of its income from iron ore sales, looking at renewable energy projects in Papua New Guinea and other parts of the world?

What is Fortescue Metals Group doing in Papua New Guinea?

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Earlier this month, Papua New Guinea’s government announced a ‘deed of agreement’ with Australian iron ore giant, Fortescue Metals Group, to develop renewable energy projects in PNG. Business Advantage PNG learns more about its plans from Julie Shuttleworth, CEO of subsidiary Fortescue Future Industries.