Papua New Guinea Prime Minister says reforms must make up for ‘lost opportunities’

PNG Prime Minister Peter O’Neill says the current wave of economic reforms are vital if the country is to be competitive and living standards rise. He spoke to Business Advantage PNG after addressing the Advantage Investment Summit in Brisbane last week.
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In brief: Highlands Pacific makes nickel discovery at Sewa Bay, and other business stories

Sewa Bay shows potential for Highlands Pacific, El Nino weather conditions to continue into 2016, and import ban on fruit and vegetables. Your weekly digest of the latest business news.
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Kumul restructure to be complete by start of 2016: Prime Minister O’Neill

Following the passage of enabling legislation in the last sitting of Papua New Guinea's National Parliament, the long-awaiting restructure of state assets and enterprises under the Kumul name is set begin, with Prime Minister O'Neill setting a target of 1 January 2016 for the transfer of state assets to their new homes.
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Papua New Guinea mining sector: not all bad news

The latest closure of the Ok Tedi mine reminds us that disruptions at major mining operations in Papua New Guinea are nothing new. While the closure is undoubtedly a setback, Business Advantage PNG's survey of PNG's other major mines suggests prospects for the mining sector are more positive.
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In Brief: O’Neill urges Papua New Guinea to produce ‘more high-quality exports’, and other business stories

More high-quality exports needed for PNG, new approaches will assist PNG in meeting energy demand, and Japan's Pan Pacific expects copper recovery. Your weekly digest of the latest business news.
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Papua New Guinea’s Kina Securities debut share price ‘exceeded expectations’

The 30 per cent jump in the value of Kina Securities when it listed jointly on the Australian Securities Exchange and the Port Moresby Stock Exchange last Thursday ‘exceeded our expectations’, Chief Executive Officer Syd Yates tells Business Advantage PNG.
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Ok Tedi mine closure could cost Papua New Guinea K2.7 billion

The El Nino weather pattern which has seen the temporary closure of the Ok Tedi mine could potentially last for up to a year, according to former senior PNG agriculture business executive, Bob Hansen, adding the loss of mining income could be as much as K2.77 billion a year.
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In Brief: Papua New Guinea Budget deficit rises to 9.4% of GDP, and other business stories

Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.
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