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.

Mentoring program to boost women in business launched

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Australian Prime Minister Julia Gillard launched the Pacific Women in Business initiative during her visit to Papua New Guinea, which establishes a mentoring program to assist women to access management positions and tackle violence against women.