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ABAC identifies Papua New Guinea’s fisheries as outstanding growth area

16 Oct 2018 by Leave a Comment
Papua New Guinea has significant opportunities for employment and foreign exchange from its fisheries, but only if it can develop the necessary policies and infrastructure. That was the conclusion from meetings of the APEC Business Advisory Council (ABAC).
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US-China trade war creating uncertainty in forestry sector, says Papua New Guinea Forest Industry Association

16 Oct 2018 by Leave a Comment
The forestry sector is keeping a close eye on the US-China trade war, which has created uncertainty in the market, according to Bob Tate, Executive Director of the Papua New Guinea Forestry Industry Association. He told Business Advantage PNG China remains PNG’s dominant export market.
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APEC on track despite frictions over regional trade says Executive Director Bollard

9 Oct 2018 by Leave a Comment
Preparations for the APEC  Leaders Week are going well, according to Alan Bollard, Executive Director of the APEC Secretariat. He tells Business Advantage PNG that the policy work is paying off and the logistical preparations are sound, but there are some tensions over trade.
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Sovereign bond an ‘important milestone’ for Papua New Guinea that should affect interest rates, says BSP’s Fleming

9 Oct 2018 by Leave a Comment
The US$500 million sovereign bond raising will improve foreign exchange cash flows, according to Robin Fleming, Chief Executive of Bank South Pacific. He tells Business Advantage PNG that it represents an 'important milestone' for Papua New Guinea's financial system.
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Tourism study reveals visitors to Papua New Guinea spent K260 million in first half of year

2 Oct 2018 by 3 Comments
A study by the International Finance Corporation has found that for the first six months of the year, there were 34,600 tourist visitors to Papua New Guinea. They spent a total of US$78 million (K260 million), which was an average of US$2262 (K7529) per trip.
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Will Papua New Guinea’s successful sovereign bond issue improve the foreign exchange situation for business?

2 Oct 2018 by Leave a Comment
The success of Papua New Guinea’s first US$500 million bond issue will depend on the government’s spending focus, according to Paul Barker, Director of PNG’s economics research think tank, the Institute of National Affairs. He tells Business Advantage PNG that the private sector has to get access to foreign exchange because of extended delays.
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APEC Study Centre for improving innovation in Papua New Guinea to open

2 Oct 2018 by Leave a Comment
The PNG APEC Study Centre is to be officially opened next week at the National Research Institute. According to Dr Thomas Webster, Professorial Research Fellow at the NRI, the aim of the centre is to improve the understanding and enabling of innovation in Papua New Guinea.
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