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Economy/Investment

Unitech’s new ‘Uni-City’ development to get underway next year, says Vice-Chancellor

9 Aug 2017 by Leave a Comment
A new development on the Papua New Guinea University of Technology's campus in Lae will give PNG's second city its first shopping mall. Vice-Chancellor Dr Albert Schram tells Business Advantage PNG the plan includes housing, shops, banks and business offices.
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Inside Papua New Guinea’s largest private equity fund

8 Aug 2017 by 6 Comments
Kennedy Wemin, the Chief Executive of Melanesian Trustee Services limited (MTSL), Trustee and Interim Manager of Papua New Guinea’s unit trust fund, Pacific Balanced Fund (PBF) tells Business Advantage PNG that the difficult economic conditions create opportunities as well as challenges. He outlines some of the fund's future options.
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Business Council encourages new Papua New Guinea government to broaden industry and tax bases

8 Aug 2017 by Leave a Comment
Papua New Guinea’s foreign exchange problems are a symptom of an overly narrow industry base, according to a new report by the Business Council of PNG. It says the new government also needs to look at widening the tax base and improving infrastructure.
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Join us in Sydney: Thomas, Pesce headline outstanding line-up for 2-in-1 investment conference

26 Jul 2017 by Leave a Comment
We are really excited about the program we have put together for our first investment conference in two years, which includes two heavyweight keynote speakers plus an impressive cross-section of PNG and international business leaders.
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Australian companies optimistic about investing in Papua New Guinea but Reserve List poses a threat, say Business Council executives

25 Jul 2017 by Leave a Comment
Australian companies are optimistic about investing in Papua New Guinea says Philip Franklin, Head of the PNG branch of the Australia Papua New Guinea Business Council (APNGBC). But Peter Taylor, President of the Council, tells Business Advantage PNG that proposed changes to the Investment Reserve List is a concern for foreign investors.
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Lae’s Unitech undergoes ‘cultural change’ to produce better qualified students

12 Jul 2017 by 3 Comments
Albert Schram, Vice-Chancellor of the University of Technology (Unitech) in Lae, tells Business Advantage PNG that the institution is undergoing a broad ‘cultural change’. The aim is to create closer ties with business in order to produce better qualified graduates.
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Domestic credit in Papua New Guinea sound, say finance executives

12 Jul 2017 by Leave a Comment
Businesses in Papua New Guinea may be finding it hard to get foreign exchange, but credit quality within the domestic economy remains relatively healthy. Finance executives and analysts tell Business Advantage PNG that there has been only a slight deterioration of kina-denominated credit, despite the weak economy.
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Selling Papua New Guinea as a business and investment destination

21 Jun 2017 by Leave a Comment
September's Papua New Guinea Investment Conference in Sydney is designed to promote Papua New Guinea as a key business destination in our region. Business Advantage International's Andrew Wilkins reveals some of the planning that is going into the program.
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