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Lae timber processing facility to fill a niche says ACIAR manager

8 May 2018 by 4 Comments
A proposed timber processing facility near Lae is positioned to fill a niche and play an important role in the forestry industry’s future, according to Tony Bartlett, forestry research program manager at the Australian Centre for International Agricultural Research (ACIAR).
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Services trade and the digital economy the next focus for APEC, says Secretariat’s Executive Director

8 May 2018 by Leave a Comment
APEC’s focus will be on the services trade and the digital economy, Alan Bollard, Executive Director of the APEC Secretariat, told the Australia Papua New Guinea Business Forum and Trade Expo in Brisbane last week. He said the APEC region now represents about half the world economy.
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In brief: Papua New Guinea to issue Eurobond later this year, and other business stories

1 May 2018 by Leave a Comment
A US$500 million Eurobond to be issued later this year, Government owes US$88 million to local businesses and February earthquake bill to cost five percent of government expenditure. Your weekly digest of the latest business news.
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United Kingdom confirms post-Brexit trading arrangements with Papua New Guinea

1 May 2018 by Leave a Comment
In a move that will reassure Papua New Guinea exporters to the United Kingdom, the UK government has confirmed it will maintain the European Union's current trading arrangements with PNG after 'Brexit'. Meanwhile, Prime Minister O'Neill has flagged 'huge incentives' for investments in agriculture and tourism, Business Advantage PNG reports from London.
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SME credit fund role part of our Papua New Guinea social responsibility, says Kina Bank CEO

24 Apr 2018 by 1 Comment
Kina Bank is working with the Australian government and other donors to set up a credit fund for small and medium sized business. CEO Greg Pawson has told business leaders in Port Moresby the scheme is part of the bank’s corporate responsibility.
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In brief: Papua New Guinea on the cusp of a ‘super cycle’ in mining investment, says the ANZ, and other business stories

24 Apr 2018 by Leave a Comment
Papua New Guinea economy on the cusp of a mining boom, kina's fair value 'around US 23-25 cents', and niche tourism could nearly triple tourism numbers in 10 years. Your weekly digest of the latest business news.
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Standard & Poor’s lowers Papua New Guinea’s rating

24 Apr 2018 by Leave a Comment
S&P Global Ratings has lowered its long-term foreign and local currency sovereign credit ratings on Papua New Guinea (PNG) to 'B' from 'B+', but it believes the outlook is 'stable'. The agency points to bigger than expected fiscal deficits because of 'a loss of revenue and reconstruction costs after a recent earthqu
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Hausples property survey finds a positive outlook towards property but prices are still considered unaffordable

23 Apr 2018 by Leave a Comment
Hausples.com.pg has released its Real Estate Survey 2018, which shows that the biggest challenge for the market is supply side factors such as land titles, infrastructure and private sector investment. But it says these issues ‘are slowly being addressed’ and that there is ‘unequivocal market demand for housing at various price points.
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