In Brief: Kumul Petroleum and MRL Capital sign a Memorandum of Understanding and other business stories

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Kumul Petroleum Holdings and MRL Capital sign Lihir energy MOU, the CEO of Bank South Pacific sees ‘positive signs’ in Papua New Guinea’s economy and CPL’s new warehouse rises from the ashes. Your weekly digest of business news.

In Brief: Papua New Guinea’s Prime Minister visit to China and other business stories

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Primer Minister Peter O’Neill travelled to China to attend a business forum, five Members of Parliament resigned and Oil Search outlined the terms of agreement of Papua LNG. Your weekly digest of business news.

Lissenung Island Resort is one of Papua New Guinea’s hidden delights

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Grant Thomas explores Lissenung Island Resort, where diving, snorkelling and surfing are part of the daily routine. The resort is also undertaking important fieldwork to save Papua New Guinea’s endangered turtles.

Air Niugini aiming at K60 million turnaround in 2019, says Chief Executive

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The new Chief Executive of Air Niugini, Alan Milne, says that after two difficult years for the airline, the prospects are looking much better. He says he is adopting a ‘four pillar’ program to transform the carrier.

‘Fundamental change’ needed with Papua New Guinea state-owned enterprises

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Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.

People moves: Air Niugini, Kumul Telikom, Highlands Pacific

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New MDs at Air Niugini and Kumul Telikom, a board change at Highlands Pacific.

In brief: Kina expected to weaken, and other business news

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Kina expected to weaken, Total aims for transparency, and Air Niugini defers planned flights to Shanghai. A weekly digest of the latest business news.

In brief: Ramu NiCo announces K4.8b expansion plans, and other business news

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Ramu NiCo announces expansion, Kina Bank celebrates innovation award, and Frieda River Project Accord signed. A weekly digest of the latest business news.

In Brief: KAML announces half-year profit of K1.22m, and other business stories

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Kina Asset Management’s half-year net profit, Range View precinct under way, and a local tech company trials its own messaging app. Your weekly digest of the latest business news.

In brief: Air Niugini launches new direct routes, and other business news

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Air Niugini launches new direct route, Total wins contract for Lihir Gold Mine, and a new state-owned-enterprise is formed. Your weekly digest of the latest business news.