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Stronger copper price a boost for Ok Tedi but further rises needed for rest of the sector

3 Oct 2017 by Leave a Comment
The copper price has increased by about a quarter in 2017, although it is still below its 2013 highs. Stephen Howes, Director of the Development Policy Centre at ANU tells Business Advantage PNG that the  boost in the copper price is important for Papua New Guinea, in particular, Ok Tedi.
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Oil Search share sale represents a win for Papua New Guinea, says analyst

27 Sep 2017 by 2 Comments
PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.
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Papua New Guinea should target second tier cities in China, says expert

27 Sep 2017 by Leave a Comment
To deal effectively with China it is best to target second tier cities, David Thomas, Chief Executive of Think Global Consulting, told the Business Advantage Papua New Guinea Investment Conference in Sydney. He said the country's GDP and middle class will double in the next decade, profoundly altering the world economy.
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In brief: Tourism brings in only US$105 million in the first half of 2017, and other business stories

27 Sep 2017 by 1 Comment
Tourism brings in only US$105 million in the first half of 2017, Lae businesses downturn about 30 per cent, says business leader, and SP Hunters win. Your weekly digest of the latest business news.
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Increasing global battery demand will drive higher nickel & cobalt prices, predicts Highlands Pacific MD

22 Sep 2017 by Leave a Comment
As demand for electric cars gather pace, Papua New Guinea’s Ramu mine is perfectly placed to be a big provider of the nickel and cobalt, both essential ingredients for these hi-tech batteries. Craig Lennon, Managing Director of Highlands Pacific told the Business Advantage Papua New Guinea Investment Conference in Sydney that both commodities are hot.
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Papua New Guinea businesses should expect APEC-related income streams from this October

20 Sep 2017 by 1 Comment
Papua New Guinea businesses should expect income streams from October, 2017, as momentum builds towards the APEC summit in November, next year. The Director-General of the PNG APEC Authority, Sir Charles Lepani, told the Business Advantage Investment Summit in Sydney, towns outside Port Moresby will also benefit.
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Kumul Telikom urgently looking to build undersea cable to Sydney, says Chairman

20 Sep 2017 by Leave a Comment
Mahesh Patel, the chairman of Kumul Telikom, told the Business Advantage Papua New Guinea Investment Conference that the newly formed entity is urgently looking to build an undersea cable to Sydney. He said the aim is to reduce wholesale price by two-thirds
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In brief: Construction of industrial zone in Madang will commence soon, says O’Neill, and other business stories

20 Sep 2017 by Leave a Comment
Proposed K350m Pacific Marine Industrial Zone to start soon, tuna exports to the EU equal that of Thailand and Philippines, and Supplementary Budget to be 'rushed' through parliament next week. Your weekly digest of the latest business news. 
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