In brief: Papua New Guinea’s Treasurer announces a deal to address forex issues and other business stories

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Treasurer Ian Ling-Stuckey announces a deal with the Bank of Papua New Guinea to improve the availability of forex in the country, the Australian Government and the International Monetary Fund pledge to help PNG in its medium term revenue strategy, and Lihir Gold Mining Limited to pay K54 million directly to landowners. Your weekly digest of business news.

In brief: negotiations for P’nyang hit a wall and other business stories

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Minister expresses disappointment over P’nyang negotiations, companies owe about K1.8 billion in salaries and wages to the Internal Revenue Commission, and Australia is set to provide over K1 billion loan to PNG. Your weekly digest of business news.

Bank South Pacific’s CEO gives his predictions for 2020

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In this exclusive interview, Bank South Pacific’s Chief Executive Officer, Robin Fleming, speaks with Business Advantage PNG about the real impact of Papua LNG and P’nyang, how power cuts are affecting mobile banking and the prospects for business in 2020.

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Papua New Guinea’s service sector on the cusp of ‘enormous opportunities’ [video]

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One of the sectors to receive a boost from improved internet connectivity in Papua New Guinea will be its business services sector, according to a panel of experts speaking at the recent Business Advantage PNG Investment Conference. David James examines some of the likely opportunities.

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In brief: Ramu Nico Mine opens after temporary closure and other business news

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Ramu Nico Mine resumes operations, Chile’s president cancels the 2019 APEC Leader’s Week, and Bank South Pacific releases its third quarter results. Your weekly digest of business news.

People moves: Bank South Pacific, Pacific Towing

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Bank South Pacific welcomes a new Group General Manager Compliance and Pacific Towing appoints a Safety Manager.

In brief: Parliament passes 10 Papua LNG Project Amendment Bills and other business stories

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Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P’nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. Your weekly digest of business news.

People moves: Westpac PNG, Bank South Pacific Vanuatu

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A new Chairman of Westpac PNG, BSP Vanuatu appoints first female board member

Bank South Pacific’s vision for digital banking

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Bank South Pacific is broadening its digital offering, according to Nuni Kulu, BSP’s General Manager, Digital. She told the 2019 Business Advantage Papua New Guinea Investment Conference that technology is driving big changes in the banking landscape.

Reasons why superannuation is critical to building a strong organisational culture in Papua New Guinea

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Six Papua New Guinean companies discuss the benefits of superannuation contributions and share with Business Advantage PNG why it can help companies reduce attendance problems and increase loyalty through super.