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Kulim’s half-billion kina bid for New Britain Palm Oil ‘positive’

Market reaction to the proposed move to make New Britain Palm Oil Limited (NBPOL) a subsidiary of Malaysian company Kulim (Malaysia) Berhad has been generally positive, although one observer questions why PNG-based investors aren’t taking advantage of the fall in NBPOL’s share price.
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Employment agencies optimistic about job outlook in Papua New Guinea

Recruitment agencies servicing Papua New Guinea say the employment of expatriates has fallen over the past year. However, as our survey of the sector suggests, there is optimism about all employment in 2014, as new ventures come on stream to replace the giant PNG LNG project.
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Opinion: Change to Takeovers Code may discourage foreign investment in Papua New Guinea

Trade Minister, Richard Maru, has amended Papua New Guinea’s takeover code, introducing a new national interest test for anyone acquiring shares in PNG companies. The law firms who represented Kulim (Malaysia) Berhad in its recent failed bid for New Britain Palm Oil say the lack of definition about what is ‘the national interest’ will discourage foreign investment in PNG and PNG companies.
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