News

In brief: Foreign currency issues continue to cause problems, and other business stories

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

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

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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Foreign exchange shortages open up opportunities for Papua New Guinea’s manufacturers

The difficulty in getting foreign exchange is making goods made in Papua New Guinea more attractive, local manufacturers tell 'Business Advantage Boardroom', which aired last night on national broadcaster, EMTV. But a lack of protection against cheap overseas competition remains a problem.
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In brief: Merger of Telikom, bmobile and DataCo under Telikom, and other business stories

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

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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