News

In Brief: More than 3000 candidates vie for parliament, and other business stories

Over three thousand nominate for 2017 national elections, the moratorium on mining exploration in Bougainville is lifted, and cocoa farmers receive grants. Your weekly digest of the latest business news.
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IPA signals crack down on foreign ownership rorts in Papua New Guinea

Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.
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Investment Conference to focus on infrastructure, regions and innovation in Papua New Guinea

The provisional program for the 2017 Papua New Guinea Investment Conference has been released, highlighting business opportunities across PNG’s economy. The conference will be organised by the publisher of www.businessadvantagepng.com, and will be held at the Shangri-La Hotel in Sydney, Australia, on 7 and 8 September.
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In Brief: Election campaign period to last eight weeks, and other business stories

Electoral Commissioner says campaign period will last eight weeks, Ombudsman suspends release of development funds until after the election and cocoa production back to average levels before borer struck. Your weekly digest of the latest business news.
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Commodity prices weak but precious metals up: a monthly review of commodity and financial markets

It has been a bad month for most commodity prices, but not precious metals. The weakness in Liquefied Natural Gas (LNG) prices has continued, with the price falling sharply over the last month. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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Middle class in Papua New Guinea looking for quality housing, says Hornibrook MD

The emerging middle class in Papua New Guinea is looking for better housing says Matthew Lewis, Managing Director of Hornibrook NGI. He tells Business Advantage PNG that the steel fabrication and building company sees great opportunity in the housing sector, despite currently difficult economic conditions.
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