Executive changes announced at the Australia Papua New Guinea Business Council, Prime Minister Marape elects new Deputy Prime Minister, and Australia welcomes new Minister for Foreign Affairs.
People moves: Australia Papua New Guinea Business Council, Minister for Foreign Affairs, PNG Cabinet
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How to unlock funds to invest in Papua New Guinea’s infrastructure
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Commercial banks call for collaboration, communication and an awareness of risk if they are help finance what could be an infrastructure boom in Papua New Guinea.
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: 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.
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