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How will PNG’s and the Pacific’s economy fare in 2013?

29 Jan 2013 by
Business Advantage PNG spoke with the region’s three most senior bankers to get their thoughts on the year ahead. ‘There will be some slowness in the year ahead based on global economic factors, but on the whole I’m reasonably positive,’ says ANZ’s CEO Pacific, Vishnu Mohan (pictured below). ‘I think the good news for the […]
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Port Moresby’s International investment conference set to grow further in 2013

23 Jan 2013 by
Plans are already under way to make the 2013 Papua New Guinea Advantage Conference even bigger and better after the success of PNG’s first international investment summit last September. ‘Last year, we set out to create an investment summit of genuinely international standards for PNG,’ said David Conn, Chief Executive Officer of co-host the Port […]
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PNG and Fiji formalise closer business ties

17 Dec 2012 by
If foreign investors have generally been wary of investing in Fiji since the 2006 coup, Papua New Guinea has been the exception. Most notably, in 2009, PNG’s Bank of South Pacific lived up to its name by acquiring Fiji’s Colonial Banking Group and has subsequently invested heavily to strengthen its local presence. A year earlier, […]
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Dates set for 2013 PNG Advantage Conference

17 Dec 2012 by
The Papua New Guinea Advantage 2013, PNG’s second annual international investment summit, will take place on 9 and 10 September 2013 at the Gateway Hotel, Port Moresby. Save the dates. The event will again be co-hosted by the Port Moresby Chamber of Commerce and Industry and Business Advantage International.
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Five things we learned at the PNG Mining Conference

15 Dec 2012 by Leave a Comment
The 12th Papua New Guinea Mining and Petroleum Investment Conference was held last week in Sydney, Australia. The event was hosted by the PNG Chamber of Mines and Petroleum. 1. Resources have never been bigger in PNG As PNG’s new Mining Minister Byron Chan observed, mining was responsible for 71% of PNG’s export receipts in 2011. The 1350 […]
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Ok Tedi: on the cusp of expansion

14 Dec 2012 by
In November 2012, Ok Tedi Mining Limited (OTML) submitted a feasibility plan to extend the Ok Tedi mine’s life to 2025. With continuation agreements being finalised with Western Province landowners this month, we spoke with OTML’s CEO Nigel Parker about the US$822 million extension project and likely changes to PNG’s mining laws. Business Advantage PNG (BAPNG): […]
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Mining conference: first chance for industry to meet new government

21 Nov 2012 by
Senior figures in Papua New Guinea’s new government will come face-to-face with members of the country’s largest industry for the first time at the Papua New Guinea Mining and Petroleum Conference (3–5 December) in Sydney, Australia. ‘It’s the perfect venue for the new O’Neill Government to present itself internationally and to provide the industry with […]
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The O’Neill Government: the first three months

21 Nov 2012 by Leave a Comment
With the new O’Neill Government’s first National Budget released just yesterday, Paul Barker assesses the prospects for business under PNG’s new Government. Since its election in August 2012, the Government led by Prime Minister Peter O’Neill has sent a mixed bag of messages to business, while its policy positions are being consolidated. However, the Prime […]
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‘Made in PNG 2012’ out now

24 Oct 2012 by Leave a Comment
Magazine showcases Papua New Guinea’s produce and producers The second edition of Made in PNG, the magazine that focuses on Papua New Guinea’s non-mineral produce has just been released. Published by Business Advantage International in partnership with the Manufacturers Council of PNG, the magazine covers not only manufacturing but also agribusiness, fisheries and forestry. Its content […]
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