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Time to address ‘serious structural issues’ in the economy, says Wera Mori

Papua New Guinea's Minister for Commerce and Industry, Wera Mori, outlined an ambitious plan to boost Special Economic Zones and attract foreign direct investment to PNG at the 2019 Business Advantage Papua New Guinea Investment Conference. Here's what you need to know.
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In brief: Papua New Guinea team in Singapore to discuss Papua LNG and other business stories

Minister for Petroleum Kerenga Kua is in Singapore to discuss the Papua LNG agreement, Papua New Guinea's Kumul Consolidated Holdings announces its profits for the first half of 2019, and the United Nations Development Program Pacific Office opens the first Accelerator Lab in the region. Your weekly digest of business news.
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Spectacular growth in Papua New Guinea’s K600 million solar energy market

Sixty per cent of households in Papua New Guinea are now using solar energy, compared with just two per cent seven years ago, according to a recent International Finance Corporation report. What's driving this extraordinary growth? asks Kevin McQuillan.
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Second route out of Papua New Guinea’s Highlands could transform country: IFC study

Currently, the only way of bringing bulk agricultural produce out of Papua New Guinea's fertile Highlands is down the Highlands Highway to the port city of Lae. A new study has identified a faster second route—through Gulf Province. Business Advantage PNG investigates.
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In brief: Prime Minister James Marape asks China for free trade deal and other business stories

Prime Minister Marape asks China to consider a Free Trade Agreement with Pacific island countries; Kumul Consolidated Holding reveals construction plans for Port Moresby, and an agreement has been reached to recommence the Carbon Trading Project in East Sepik Province. Your weekly digest of business news.
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Papua New Guinea government to ‘stand behind’ Papua LNG gas agreement

Papua New Guinea's Petroleum Minister Kerenga Kua has announced that the National Executive Council (PNG's cabinet) has 'in principle' agreed to 'stand behind' the gas agreement signed in April for the US$10 billion (K33.7 billion) Total-led Papua LNG project.
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