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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In Brief: Concern about changes to investment laws and other business stories

Business concern about Papua New Guinea's new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.
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Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor

The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.
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In brief: State-owned enterprises told to lift performance and other business stories

Papua New Guinea's state-owned enterprises given pep-talk by Minister, new Credit Guarantee Corporation to be established and Ramu NiCo sales fall. Your weekly digest of the latest business news.
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