News

In brief: Papua New Guinea and Australia sign economic partnership agreement and other business stories

Papua New Guinea and Australia sign economic partnership agreement, seafood venture for New Ireland, and K200 million for SMEs still on its way. The business news you need to kickstart your week.
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K4.96 billion Australian fund starts to invest in Papua New Guinea infrastructure

At a time when private sector investment is stalling, the A$2 billion [K4.96 billion] Australian Infrastructure Financing Facility for the Pacific is ramping up and targeting projects that will help drive Papua New Guinea's economy.
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Boardroom briefing: female-owned MSMEs hit by pandemic, raising the roof in Canberra, and retail investors take Wall Street on a wild ride

COVID-19 hits women-owned MSMEs hard, high jinx at the PNG High commission, and retail investor rollercoaster in the US. Readings from around the world on business, leadership and management.
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People moves: Geopacific Resources, POMCCI, Newcrest, Coastal Shipowners Association

Geopacific Resources elects a Non-Executive Director, the Port Moresby Chamber of Commerce and Industry (POMCCI) announces its Board composition for 2020 – 2021, Newcrest mining appoints a new Company Secretary.
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Foreign investment in Papua New Guinea falls as Minister flags new laws

Foreign direct investment into Papua New Guinea dropped in the first quarter of 2020, according to Investment Promotion Authority figures. Meanwhile, business expresses concern over proposed changes to PNG's investment laws.
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In brief: Nadzab Airport redevelopment project officially launched and other business stories

Nadzab airport set to get a major facelift, PNG Ports says only three ports are profitable, and SIM card registration deadline extended. The business news you need to kickstart your week.
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