Sustainable Papua New Guinea: PM links progress to UN’s Sustainable Development Goals

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COVID-19 may have impacted the progress of Papua New Guinea’s rollout of the UN’s Sustainable Development Goals, but Prime Minister James Marape has made it clear that sustainability and progress go hand in hand, and business must play a role.

Back to business: Papua New Guinea ends state of emergency

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Trading is returning to a ‘new normal’ as Papua New Guinea’s COVID-19 state of emergency ends. But a recent survey conducted by the Business Council of PNG indicates a return to ‘business as usual’ will take time.

Papua New Guinea proposes foreign investment reforms

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Last month, the Papua New Guinea Government tabled the Foreign Investment Regulatory Authority Bill in Parliament. What is the bill designed to achieve and why is the business community concerned? Business Advantage PNG investigates.

People moves: The Business Council of PNG, GE, Digicel Fiji 

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New appointments to the board of the Business Council of PNG, a new CEO of General Electric, PNG, a new CEO at Digicel Fiji

Business Council encourages new Papua New Guinea government to broaden industry and tax bases

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Papua New Guinea’s foreign exchange problems are a symptom of an overly narrow industry base, according to a new report by the Business Council of PNG. It says the new government also needs to look at widening the tax base and improving infrastructure.

Excess kina liquidity may open up opportunities for local companies in Papua New Guinea

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The lack of availability of foreign exchange is creating imbalances within the Papua New Guinea financial system, according to a report by Kina Securities. It says there is a build up of liquidity in kina, which may have implications for the financial strategies of domestic companies.

Why hosting APEC will transform Papua New Guinea

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The APEC meeting in 2018 in Port Moresby will be a major boost for the country, David Toua, the President of the Business Council of PNG (BCPNG), tells Business Advantage PNG. Analysts say in the past benefits have been shown to outweigh the costs.

In brief: Business leaders predict job losses, pessimistic about revenue growth in 2017, and other business news

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‘More jobs to go’ warning if business continue to rationalise, O’Neill says $S300m loan to be used foreign exchange, Australia funding APEC 2018 to fend off China. Your weekly digest of the latest business news.

Business literacy skills and access to markets essential if Papua New Guinea SMEs are to develop, say business leaders

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Boosting business literacy skills and opening up access to markets are at the heart of a successful SMEs policy for PNG, two influential business leaders tell Business Advantage PNG.

In brief: India expresses interest in buying Papua New Guinea LNG, and other business news

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O’Neill says India keen to buy PNG gas, industry divided over vegetable import ban, and Konebada Petroleum Park Authority signs feasibility study deal. Your weekly digest of the latest business news.