Editor’s picks

In Brief: World Bank report predicts 5% GDP growth for Papua New Guinea and other business stories

New World Bank report predicts 5% GDP growth for Papua New Guinea in 2019, consumer protection in financial services, and Bloomberg puts a value on Panguna mine. Your weekly digest of the latest business news.
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Frieda River mine expands into Sepik Development Project

The US$8 billion (K26.5 billion) Sepik Development Project at Frieda River will create 'a new economic corridor' in PNG's northwest. Developer PanAust is suggesting it could give employment to about 5000 people during construction and increase Papua New Guinea’s GDP by K90 billion over 40 years.
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Papua New Guinea proposes foreign investment reforms

Last month, the Papua New Guinea Government tabled the Foreign Investment Regulatory Authority Bill in Parliament. What is the bill designed to achieve and why is the business community concerned? Business Advantage PNG investigates.
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