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Unrest poses threat to investment in Papua New Guinea says report

22 Mar 2017 by Leave a Comment
An increase in the number of protests, blockades, and inter-clan rivalry in Papua New Guinea poses 'downside risks' to Papua New Guinea's economic growth recovery, according to a report by BMI Research, a subsidiary of the Fitch Ratings Agency. It warns it could lead to delays or cancellations of investment projects.
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In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

21 Mar 2017 by Leave a Comment
Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.
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‘Unshackled’ Bougainville Copper reveals strategy for re-opening Panguna mine on Bougainville

15 Mar 2017 by Leave a Comment
If the giant Panguna copper mine on Bougainville is ever to re-open, many complex problems must be solved, including the status of the former miner, Bougainville Copper Limited (BCL). In this exclusive interview with Business Advantage PNG, BCL Chairman Rob Burns outlines its strategy to return to mining.
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In brief: BSP considers ASX listing, and other business stories

14 Mar 2017 by Leave a Comment
Bank South Pacific explores secondary listing on Australian Exchange, Highlands Pacific considers selling stake in Frieda River project and strategy to counter coffee berry borer due this week. Your weekly digest of the latest business news.
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How rural women can become Papua New Guinea’s agribusiness entrepreneurs

14 Mar 2017 by 17 Comments
Women in rural Papua New Guinea are keen to engage in agribusiness but many have traditionally struggled to take leadership roles. That is beginning to change, Curtin University researcher Dr Gina Koczberski tells Business Advantage PNG.
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In brief: Foreign currency issues continue to cause problems, and other business stories

7 Mar 2017 by Leave a Comment
Foreign currency issues continue to cause problems, profit announcements for Nambawan Super and Bank South Pacific and InterOil acquisition finalised. Your weekly digest of the latest business news.
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Oil Search’s assets ‘highly profitable’ despite weak prices says MD

7 Mar 2017 by Leave a Comment
Peter Botten, Managing Director of Oil Search tells Business Advantage PNG that the company’s Papua New Guinea assets are ‘highly profitable’ despite the low prices. He says the company is focusing on developing a five year plan for ensuring sustainability, managing exploration and working with the community.
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In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories

1 Mar 2017 by Leave a Comment
BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.
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In brief: Merger of Telikom, bmobile and DataCo under Telikom, and other business stories

21 Feb 2017 by Leave a Comment
Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust's resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.
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Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets

21 Feb 2017 by 1 Comment
The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
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