Papua New Guinea’s economy remains broadly positive despite slow economic growth forecast for 2020

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Economists have cut forecasts for Papua New Guinea’s 2020 GDP growth but there is a consensus that the slowing will only prove to be temporary. David James explores three new views of PNG’s economy in 2020 and beyond.

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Fiji and Papua New Guinea should strengthen economic ties, says ANZ economist

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Papua New Guinea could be on the cusp of a sustained period of strong economic growth, and Fiji should be seeking closer economic ties, says Kishti Sen, International Economist for the ANZ Banking Group, in an exclusive interview with Business Advantage PNG.

In Brief: Government to review resource laws next year, and other business stories

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Review of Mining Act next year, acting Tax Commissioner warns of criminal action against companies not forwarding taxes to government and wholesale internet prices may drop by two-thirds. Your weekly digest of business news.

Odds strongly in favour of positive investment sign off for Papua LNG project

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The Total-led Papua LNG project looks set to enter its Front End Engineering Design (FEED) phase. It’s a good sign: according to the ANZ’s PNG Economic Outlook, 97 per cent of the gas projects that enter into FEED have a positive final investment decision. David James explores.

Getting Papua New Guinea’s future resources projects funded

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US–China rivalry is likely to have a major impact on how future resources projects are funded, according to the ANZ’s Jonathan Bloch. He outlines some of the steps Papua New Guinea’s government can take to make such projects ready for investment.

In Brief: Papua New Guinea’s growth to rebound in 2019 and other business stories

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ANZ releases a positive economic outlook for PNG, James Marape resigns as Finance Minister and the Boluminski Highway in New Ireland province is open. Your weekly digest of business news.

ANZ’s new strategy for Papua New Guinea

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With regulatory approval finally received for ANZ’s sale of its retail banking assets in Papua New Guinea, ANZ PNG’s Chief Executive Officer Mark Baker talks to Business Advantage PNG about the bank’s future plans in the country.

In brief: Construction milestone for PNG’s tallest building, and other business news

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Construction milestone for PNG’s tallest building,  renewed support for fisheries training and PNG launches legal action in Australia. Your weekly digest of the latest business news.

In brief: Government plans five new highways and other business stories

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Government plans to build and open five new highways, Milbank launches women-only credit card, and PNG Power to upgrade two projects in Eastern Highlands and East New Britain. Your weekly digest of the latest business news. 

In brief: ANZ Bank expects kina to rise with next round of LNG projects, and other business stories

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ANZ Bank expects Kina to rise above $0.35 cents from early 2020, Ramu 2 hydropower project to commence next March, and security preparations for APEC step up. Your weekly digest of the latest business news.