News

In brief: Call for Papua New Guinea government and industry to weather low commodity prices, and other business stories

Oil Search leader says PNG ‘well placed’ to manage low commodity price regime, Ok Tedi expected to be profitable, and BSP reports 5 per cent profit increase. Your weekly digest of the latest business news. PNG is well placed to weather the current low world oil price environment, but the Government and industry need to […]
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In brief: Agriculture Minister says Papua New Guinea must reinvest in sector, and other business stories

Agriculture Minister says annual investment in agriculture is just K150 million a year, call for mining sector style tax incentives for agriculture, and Leaders' summit critically important, says O'Neill. Your weekly digest of the latest business news.
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Papua New Guinea’s forestry sector confronts China weakness

The Chief Executive of the Papua New Guinea Forest Industries Association, Bob Tate, claims that PNG’s forestry sector is coming under increasing pressure. He points to a drop in demand from China, lower foreign capital investment and moves by the PNG government to lift industry turnover taxes.
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In brief: Papua New Guinea preparing to refinance Oil Search share loan, and other business stories

Banks vie to renew government's loan for shares in Oil Search, structural faults in Phase One of new Lae port, OK Tedi to resume operations next month. Your weekly roundup of the latest business news.
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PNG Ports accelerates Lae Industrial Park build, as Stage 2 of port commences

Work on Lae's Huon Industrial Park has been accelerated while stage two of the Lae Port development is on track to start by mid-2016, says Stanley Alphonse, the CEO of PNG Ports Corporation.
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