This week sees the launch of PNG Now, a bold new lifestyle magazine for Papua New Guinea.
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‘PNG Now’: a new magazine for Papua New Guinea launches
9 Sep 2020 by Leave a Comment
Bank South Pacific to launch new online payment system
7 Sep 2020 by 1 Comment
Bank South Pacific's new BSP Pay service is launched this month with a view to helping MSMEs reach its 1.8 million customers online.
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It’s time to devalue the kina, says Business Council
7 Sep 2020 by 14 Comments
The Business Council of Papua New Guinea has present its latest macroeconomic outlook, which outlines the risks faced by PNG's economy and what business needs to recover from the COVID-19 downturn.
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In brief: ADB approves K87 million telecommunications investment in Papua New Guinea and other business stories
7 Sep 2020 by Leave a Comment
The Asian Development Bank approves a multi-million kina investment in telecommunications in Papua New Guinea, Investment Promotion Authority looks to make doing business easier, and Fortescue Metal Group announces plans for hydropower projects in PNG. The business news you need to kickstart your week.
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In brief: Ok Tedi to reopen in September and other business stories
31 Aug 2020 by Leave a Comment
Australia’s national cabinet has agreed to reopen its Pacific Labour Scheme, Ok Tedi is confident mine to reopen, and concern over COVID-19 funding. The business news you need to kickstart your week.
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Papua New Guinea Government moves to take over Porgera lease
31 Aug 2020 by 6 Comments
Papua New Guinea's government has moved to effectively take over the Porgera gold mine in Enga Province by issuing a Special Mining Lease to state-owned mining company, Kumul Minerals Holdings. Legal challenges look likely.
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LNG prices bounce back
31 Aug 2020 by Leave a Comment
LNG prices have surged clawing back earlier losses, while the oil price is steady and cocoa is also strong: Business Advantage PNG’s monthly overview of commodity and financial markets.
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Government and industry debate the future of Papua New Guinea’s resources sector
24 Aug 2020 by Leave a Comment
When it comes to Papua New Guinea's resources sector, the government wants a better share of the rewards, but the industry is warning that the country is becoming a less attractive destination for investment.
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In brief: Papua New Guinea and Japan strengthen ties and other business stories
24 Aug 2020 by Leave a Comment
Papua New Guinea and Japan sign a Statement of Intent, PNG launches a National Energy Policy and potential changes to the way Kumul Petroleum Holdings and Kumul Mineral Holdings operate. The business news you need to kickstart your week.
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Mining lease granted for Mayur Resources’ Papua New Guinea cement and lime project
19 Aug 2020 by 2 Comments
In a development that will give heart to the country's mining sector, Papua New Guinea's government has granted a 20-year mining lease to Mayur Resources’ US$350 million (K1.125 billion) Central Cement and Lime Project in Papua New Guinea's Central Province.
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