Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.
In brief: Porgera’s Special Mining Lease application lodged and other business stories
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Opinion: reforms and new responsibilities at the Bank of Papua New Guinea
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The Bank of Papua New Guinea, the country’s central bank, is undergoing notable changes. Its Chairman, David Toua, comments on what’s behind the changes, the challenges faced by the bank and the road ahead for foreign exchange.
People moves: Bank of Papua New Guinea, PNG Chamber of Mines & Petroleum, Nambawan Super, OTML, Credit Corp, IFC
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Central bank welcomes a new Acting Governor, the Papua New Guinea Chamber of Mines and Petroleum farewells Executive Director, Nambawan Super gets new board member, changes at Ok Tedi Mining, and Credit Corp announces staff changes.
2023: what can Papua New Guinea business expect from the year ahead?
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Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
In brief: Steamships to bring Marriott brand to Papua New Guinea and other business stories
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Steamships to open first Marriott-branded property in Papua New Guinea, exports of mud crabs to Singapore, and temporary disruptions at Lae port. Your business news in a nutshell.
In brief: Mineral Resources Enga signs Porgera agreement and other stories
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Mineral Resources Enga signs ‘milestone agreement’ towards the reopening of the Porgera mine, negotiations for sale of Telikom PNG and Air Niugini to upgrade fleet. The business news you can’t miss.
Lower demand sees Papua New Guinea’s agricultural exports fall
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The latest figures from the Bank of Papua New Guinea reveal the negative impact of the global pandemic on PNG’s agricultural sector. Exports of all the country’s major agricultural commodities fell in the 12 months to September 2020, although the falls were partly offset by improved prices in some cases.
Diversify and conquer: what the future holds for Credit Corp in Papua New Guinea
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Peter Aitsi, Group Chief Executive Officer of Credit Corporation PNG, says the COVID-19 pandemic has had a significant impact on operations. He tells Business Advantage PNG that the company is moving to a more agile digital platform and diversifying its product range.
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