Economic integration not exploitation, says Papua New Guinea’s Treasurer

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Papua New Guinea’s Treasurer Charles Abel says Papua New Guinea needs to take a staged approach to integration with the global economy in order to avoid being taken advantage of. Speaking at an APEC discussion forum at the University of PNG, he said recent experience suggests the nation’s foreign exchange markets may be too open.

Five questions to Sir Charles Lepani, Director General of APEC 2018

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In a little over three weeks, Papua New Guinea will host the annual APEC Economic Leaders Meeting, when 21 world leaders and 10,000 delegates including 2,000 media organisations arrive in Port Moresby. The Director-General of the APEC 2018 Coordinating Authority, Sir Charles Lepani, tells Business Advantage PNG he is confident of a lasting legacy.

APEC on track despite frictions over regional trade says Executive Director Bollard

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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.

APEC Study Centre for improving innovation in Papua New Guinea to open

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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.

Papua New Guinea PM O’Neill looks for lasting policy legacy from APEC

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In the second half of his exclusive conversation with Business Advantage PNG’s Andrew Wilkins, the Prime Minister Peter O’Neill says the policies developed at the APEC Leaders meeting will have a lasting impact on the country. He says APEC marks a unique opportunity to market PNG as an investment destination.

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. 

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.

In brief: Trump pulls out of APEC, and other business news

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Trump pulls out of APEC, China Navigation knocked back, and PNG on the verge of entering international capital markets. Your digest of the latest business news.

In brief: Foreign exchange inflows improving, and other business news

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Foreign exchange inflows improving, Moni Plus opens in Lae, and changes to boards of government-owned businesses. Your weekly digest of the latest business news.

APEC partnership on bilums to boost Papua New Guinea technology sector

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The co-founder of Port Moresby based software company Crysan, Crystal Krewe said a partnership with Google, the APEC Secretariats in PNG and Singapore, and the San Francisco-based Asia Foundation will aim to sell bilums on-line. Called the Digital Bilum Project, the aim will be to create an international presence.