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In brief: Bank South Pacific expands into Cambodia, and other business stories

30 May 2017 by Leave a Comment
BSP enters a joint venture deal in Cambodia, management restructure planned for PNG Power, and government shelves GST rise. Your weekly digest of the latest business news.
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Excess kina liquidity may open up opportunities for local companies in Papua New Guinea

24 May 2017 by Leave a Comment
The lack of availability of foreign exchange is creating imbalances within the Papua New Guinea financial system, according to a report by Kina Securities. It says there is a build up of liquidity in kina, which may have implications for the financial strategies of domestic companies.
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In brief: Government seeking Budget support of US$500 million, and other business stories

23 May 2017 by 1 Comment
Government seeking Budget support from World Bank, LNG partners seek huge savings by co-operating, Ok Tedi performing well after seven months. Your weekly digest of the latest business news.
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A revitalised dairy industry aims for cheaper products on Papua New Guinea’s supermarket shelves by October

23 May 2017 by Leave a Comment
The first of 500 cows arrive in Papua New Guinea from New Zealand this week, (25 May) as a commercial-scale dairy industry gets closer to production in Central Province. And the CEO of Innovative Agriculture Industries, Ilan Weiss, says milk products will be on local supermarket shelves by October.
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Kumul Telikom rolling out 4G network across Papua New Guinea, says Chairman

23 May 2017 by 4 Comments
Kumul Telikom Chairman Mahesh Patel says the Papua New Guinea telco is close to rolling out its 4G services. He tells 'Business Advantage Boardroom', which aired on national broadcaster EMTV, that the merger of bmobile, DataCo and Telikom PNG is necessary to make the state- owned enterprise efficient and manage the technological challenges.
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PM O’Neill calls for greater intervention to strengthen Papua New Guinea industry

17 May 2017 by 1 Comment
The Prime Minister Peter O'Neill has outlined a plan of greater government involvement in Papua New Guinea's industrial development. In a speech to the Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby O'Neill described the need both to broaden the industry base and to move some industries up the value chain.
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Papua New Guinea’s banks face high economic risks, reflecting debt and resource reliance, says ratings agency, S&P Global

16 May 2017 by Leave a Comment
The economic risks faced by the three main commercial banks in Papua New Guinea are very high, says ratings agency S&P Global Ratings. But Associate Director Andrew Mayes tells Business Advantage PNG, credit risk is ‘well-managed’.
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Policy flexibility needed for maturing mining industry says Nautilus Minerals CEO

15 May 2017 by Leave a Comment
Mineral deposits are becoming increasingly difficult to develop and the mining industry is looking to the Papua New Guinean Government to deliver flexible policies that will benefit a maturing industry, Nautilus Minerals Chief Executive Officer, Mike Johnston tells Business Advantage PNG.
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The PNG 100 CEO Survey 2017: Papua New Guinea’s chief executives growing in confidence

10 May 2017 by Leave a Comment
Business Advantage International’s PNG 100 CEO Survey of chief executives in Papua New Guinea’s biggest companies has found that many business leaders fell short of their profit expectations in 2016. But the mood remains cautiously optimistic.
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