People moves: Mineral Resource Authority, Association of Superannuation Funds, Australia-PNG Business Council

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A new Chairman of the Mineral Resource Authority, a new executive of the revived Association of Superannuation Funds, and two new board members of the Australia-PNG Business Council

Australian companies optimistic about investing in Papua New Guinea but Reserve List poses a threat, say Business Council executives

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Australian companies are optimistic about investing in Papua New Guinea says Philip Franklin, Head of the PNG branch of the Australia Papua New Guinea Business Council (APNGBC). But Peter Taylor, President of the Council, tells Business Advantage PNG that proposed changes to the Investment Reserve List is a concern for foreign investors.

Female entrepreneurs call for improvement in ‘ease of doing business’ in Papua New Guinea

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The Editor of Stella magazine, Amanda Donigi, claims Papua New Guinea risks losing its young entrepreneurs unless business conditions are enhanced. Her comments are echoed by House of Xen founder, Xenia Peni.

In brief: Oil Search and ExxonMobil buy gas licences in Gulf, and other Papua New Guinea business stories

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Oil Search and ExxonMobil buy into gas licences in Gulf of Papua, Sir Mick Curtain, founder of Curtain Bros, dies, and trade disagreement with Fiji resolved. Your weekly digest of the latest business news.

In brief: LNG overtakes gold as top export and other Papua New Guinea news

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LNG overtakes gold as PNG’s top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.

Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range

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As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.

In brief: Oil Search rejects Woodside takeover bid as ‘highly opportunistic’, and other business stories

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Analysts predict Woodside will up its takeover offer for Oil Search, Business leader estimates K1.5 billion in foreign currency waiting for processing, and NZ re-opens its trade office in Port Moresby. Your weekly digest of the latest business news.

In brief: Sovereign Wealth Fund & Corruption Commission legislation before parliament, and other business news

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Proposed Sovereign Wealth Fund reaches third reading stage, Air Niugini ‘on track’ for 50% sell-off, and second LNG plant to create 10,000 jobs. Your weekly digest of the latest business news.

In brief: Papua New Guinea aims to strengthen business relationship with United Kingdom, and other business stories

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O’Neill wants PNG to take advantage of global business opportunities, Australia provides additional development funds, and Air Niugini outsources Lihir airport services. Your weekly digest of the latest business news.

Six things we learned at Australia–Papua New Guinea Business Forum in Lae

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Trade Minister Richard Maru has urged Australian and Papua New Guinean business leaders to look seriously at diversifying their areas of investments.