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Nambawan Super expects low growth in 2016/2017, says CEO

22 Mar 2016 by 3 Comments
The CEO of Papua New Guinea’s largest superannuation fund expects 2016/17 to be another year of low growth, with a pickup from 2018 onwards. Nambawan Super’s Garry Tunstall also tells Business Advantage PNG he expects the fund will slightly increase its international investments this year.
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In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories

16 Mar 2016 by Leave a Comment
Ok Tedi's cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.
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Papua New Guinea cocoa production rising but borer disease a constant threat

16 Mar 2016 by 3 Comments
Papua New Guinea's cocoa industry is recovering from the pest, but the cocoa pod borer (CPB) still presents a major challenge and is unlikely ever to be fully eradicated, Cocoa Board of PNG project manager John Moxon tells Business Advantage PNG.
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Nautilus Minerals edges closer to world’s first underwater mine

16 Mar 2016 by 8 Comments
It has been a long voyage, but Canada-listed copper-gold explorer Nautilus Minerals is on track to commence deep-sea mining operations at its Solwara 1 deposit in the Bismarck Sea, off Papua New Guinea. Business Advantage PNG talks exclusively to CEO Mike Johnston about the project.
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Results of Papua New Guinea’s major companies show some struggling more than others

15 Mar 2016 by 2 Comments
Recently released results of some of Papua New Guinea's major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG's finance sector proved resilient.
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Existing SMEs on new Reserve List of Papua New Guinea businesses will be bought out at current market value, says Minister

9 Mar 2016 by 6 Comments
Trade, Commerce and Industry Minister Richard Maru says he is compiling a reserve list of businesses that may only be owned and operated by PNG nationals. While Maru has given no timeline for the reintroduction of the Reserve List, he says existing businesses will be bought out at the current value.
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In brief: LNG overtakes gold as top export and other Papua New Guinea news

9 Mar 2016 by 1 Comment
LNG overtakes gold as PNG's top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.
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SME policy launch reflects growing realisation that Papua New Guinea cannot rely solely on the resources sector

2 Mar 2016 by 8 Comments
The launch of the country’s first master plan to develop the Small and Medium Sized Enterprise (SME) sector reflects a growing acknowledgment by Cabinet ministers that they need to grow sectors other than mining.
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Chinese business delegation in Papua New Guinea to examine investment opportunities

24 Feb 2016 by 4 Comments
Thirty-six executives from major Chinese energy, forestry, fisheries, tourism and construction businesses are in PNG this week to look for investment and development opportunities. Pacific Trade Commissioner David Morris is leading the delegation. This week’s trip to PNG reflects ‘very strong’ Chinese interest in supporting infrastructure development and in PNG’s capacity to supply China with goods […]
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