Analysis: How aid in the form of risk sharing might serve to stimulate Australian private sector investment in Papua New Guinea

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Given that there is no investment currently, what is needed to get Australian institutional investors involved in Papua New Guinea? Stephen Nash, former Chief Investment Officer for Nambawan Super, examines one possible initiative: risk sharing.

In brief: Fiji lifts ban on import of Papua New Guinea food products, and other business stories

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Fiji’s trade Minister lifts ban on PNG food products, K65 million sought to contain coffee berry borer, and O’Neill warns of crackdown on companies not paying taxes. Your weekly digest of the latest business news

People moves: Australian government

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Australia upgrades Pacific Minister position.

Outsourcing of road design and construction paying off, says Papua New Guinea’s roads chief

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Major road works in Papua New Guinea are now outsourced to the private sector, under a design-and-build model. The result, says the Secretary of the Works Department David Wereh, is improved performance.

Lae is doing well, but land and town planning issues remain: McLay

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With a new port, a new hospital and plans to redevelop Nadzab Airport, things are looking up for Lae, Papua New Guinea’s second-largest city. However, says Alan McLay, these developments highlight a shortage of land, and a need for more effective town planning.

People moves: NBPOL, InterOil and other senior appointments

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A new, independent director at New Britain Palm Oil, two new executives at InterOil, and other appointments.

People moves: New Australia Pacific Secretary/ANZ international head departs

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Australia gets a new Parliamentary Secretary for the Pacific while ANZ loses its head of international banking.