Papua New Guinea’s currency, the kina, has lost around eight percent of its value against the US dollar over the past 12 months. What does this mean for business?
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The impact of a declining Papua New Guinea currency
19 Jun 2013 by
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Up to one-third of Papua New Guinea log exports may not be authorised by landowners, says INA
19 Jun 2013 by
Just over one third of Papua New Guinea’s logging exports in 2012 came from Special Agricultural and Business Leases, the majority of which may not have received approval from customary landowners, according to analysis by Paul Barker, Director of the Institute of National Affairs.
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Opinion: why Papua New Guinea and Fiji are expanding their friendship
19 Jun 2013 by 1 Comment
A curious thing has been happening in the Pacific. Instead of running trade and investment road-shows in Australia, New Zealand or China, two Pacific Island countries have been courting investment from each other, observes Jenny Hayward-Jones.
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Lihir loan scheme a model for Papua New Guinea: Yates
18 Jun 2013 by
In what is believed to be a first for Papua New Guinea, Lihir Island landowners will have access to a new lending scheme to finance their small businesses and help foster economic development on the island.
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Upturn forecast in Papua New Guinea domestic tourism
12 Jun 2013 by
The Australia/New Zealand representative for PNG’s Tourism Promotion Authority predicts strong growth in domestic tourism, anticipating a drop in travel costs and increased marketing of PNG’s natural scenic spots. Sonja Heydemann reports.
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Majestic opening starts fish cannery boost for Lae
12 Jun 2013 by
Lae is set to become the South Pacific’s main fish processing centre, with the opening of one massive new cannery this week, the commencement of construction for another, with more on the drawing board.
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Analysis: the shape of things to come in digital marketing
12 Jun 2013 by 1 Comment
From a Papua New Guinea perspective, the most striking thing about attending Australia’s major annual media and marketing conference last week was the irrelevance of so much of the content, writes Robert Hamilton-Jones.
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Newcrest Mining to ‘simplify’ Papua New Guinea mining operations
11 Jun 2013 by
Newcrest Mining has revealed it is aiming to ‘simplify’ operations at the Lihir and Hidden Valley gold mines in Papua New Guinea, after writing down the value of its mines in PNG, Australia and Africa by AUD$6 billion (K12.6 billion).
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PNGSDP prepares for life without Ok Tedi
11 Jun 2013 by 1 Comment
Papua New Guinea Sustainable Development Program Ltd appears to be resigned to losing its main asset, the Ok Tedi mine, to the PNG Government. What are the implications if the takeover goes ahead?
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Papua New Guinea Sustainable Development Program at turning point: Sir Mekere’s speech
6 Jun 2013 by Leave a Comment
Papua New Guinea Sustainable Development Program Limited has been under heavy political pressure to relinquish is majority ownership of PNG's largest mine, Ok Tedi. In this speech, delivered at the announcement of the company's 2012 annual report this week, PNGSDP Chairman Sir Mekere Morauta appears to concede the loss of Ok Tedi, arguing for a sale on fair terms, and ponders both the future of PNG's largest mine, and his own organisation.
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