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Papua LNG project to have ‘similar impact’ on Papua New Guinea to PNG LNG: InterOil CEO

29 Mar 2016 by Leave a Comment
With the PNG LNG project now in production, all eyes are on Papua New Guinea’s next likely gas project: Papua LNG. InterOil Corporation has been with the project, based on the Elk-Antelope gas fields in Gulf Province, since its inception. Chief Executive Officer Michael Hession tells Business Advantage PNG why the project is still promising, even in a time of low global gas prices.
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Nambawan Super expects low growth in 2016/2017, says CEO

22 Mar 2016 by 3 Comments
The CEO of Papua New Guinea’s largest superannuation fund expects 2016/17 to be another year of low growth, with a pickup from 2018 onwards. Nambawan Super’s Garry Tunstall also tells Business Advantage PNG he expects the fund will slightly increase its international investments this year.
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Business literacy skills and access to markets essential if Papua New Guinea SMEs are to develop, say business leaders

22 Mar 2016 by 1 Comment
Boosting business literacy skills and opening up access to markets are at the heart of a successful SMEs policy for PNG, two influential business leaders tell Business Advantage PNG.
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Papua New Guinea cocoa production rising but borer disease a constant threat

16 Mar 2016 by 3 Comments
Papua New Guinea's cocoa industry is recovering from the pest, but the cocoa pod borer (CPB) still presents a major challenge and is unlikely ever to be fully eradicated, Cocoa Board of PNG project manager John Moxon tells Business Advantage PNG.
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Nautilus Minerals edges closer to world’s first underwater mine

16 Mar 2016 by 8 Comments
It has been a long voyage, but Canada-listed copper-gold explorer Nautilus Minerals is on track to commence deep-sea mining operations at its Solwara 1 deposit in the Bismarck Sea, off Papua New Guinea. Business Advantage PNG talks exclusively to CEO Mike Johnston about the project.
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Results of Papua New Guinea’s major companies show some struggling more than others

15 Mar 2016 by 2 Comments
Recently released results of some of Papua New Guinea's major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG's finance sector proved resilient.
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Existing SMEs on new Reserve List of Papua New Guinea businesses will be bought out at current market value, says Minister

9 Mar 2016 by 6 Comments
Trade, Commerce and Industry Minister Richard Maru says he is compiling a reserve list of businesses that may only be owned and operated by PNG nationals. While Maru has given no timeline for the reintroduction of the Reserve List, he says existing businesses will be bought out at the current value.
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