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In brief: new round log export tax levy could break the forestry industry and other business stories

Forestry industry says new export tax levy could spell the end, Wafi-Golpu Joint Venture to lay off employees and P'nyang negotiations edge towards deadline. The business news you need to kick-start your week.
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Papua New Guinea government sets ‘walk away’ date for P’nyang negotiations

ExxonMobil and the government-appointed State Negotiating Team have until the end of January to negotiate an agreement for the P’nyang gas project, says Minister for Petroleum.
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Transparency report shines light on Papua New Guinea’s extractive sector

Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.
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In brief: Coral Sea Cable wholesale internet rates to plummet and other business stories

New Ireland Province signs deal with Zenith to build three solar plants, inadequate water levels in the Fly River impact Ok Tedi Mining's operations, and Bmobile and Huawei PNG sign a deal to roll out 5G in Papua New Guinea's Port Moresby. The business news you need to kick-start your week.
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St Barbara to invest millions to redefine Papua New Guinea’s Simberi mine

St Barbara will invest A$8–$12 million (K19–28 million) on exploration activities in Papua New Guinea this financial year with the aim of extending its Simberi gold mine beyond its current mine life.
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2019: the year in review for Papua New Guinea business

A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here's how Business Advantage PNG reported on 2019.
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Rogue traders challenge CPL Group’s growth in Papua New Guinea

Rising, quite literally, from the ashes of a devastating fire in 2017, retailer CPL Group is back in the black. However, CEO Mahesh Patel tells Business Advantage PNG that rogue retailers and slow government spending have presented challenges to the retailer’s phoenix story.
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