In brief: Papua New Guinea’s economy has the potential to reach K200 billion in the next 10 years and other business stories

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Papua New Guinea’s Prime Minister talks business during Independence dinner, Tari Airport reopens and Treasurer Ian Ling-Stuckey on the Central Banking Act. The business news you need to know to kickstart your week.

In brief: World Bank anticipates drop in exports for Papua New Guinea and other business stories

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The World Bank predicts lower export revenue for Papua New Guinea, fuel prices set to fall, and retailer appeals for calm. The business news you need to kickstart your week. 

In brief: Papua New Guinea’s Prime Minister pledges to raise the country’s cash revenue to K15 billion

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Prime Minister James Marape has made a pledge to raise Papua New Guinea’s cash revenue to K15 billion over the next two years, Kumul Consolidated Holdings falls K400 million short from what was budgeted for 2019, and a reconciliation ceremony is proposed between the National Government and the Autonomous Region of Bougainville.

People moves: PNG FM, Institute of Business Studies University, Credit Corp

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PNG FM appoints a new member to its board, the Institute of Business Studies University welcomes a Chancellor and a resignation at Credit Corporation.

People moves: Credit Corporation

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A new chairman for Credit Corporation

People moves: Credit Corporation

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Changes at Credit Corporation

People moves: Credit Corporation, PNG Air

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A new general manager for Credit Corporation, a resignation at PNG Air.

People moves: Bank South Pacific, Credit Corp, Kutubu Special Purpose Authority, Oil Search, Westpac Outstanding Woman of the Year

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BSP appoints new General Manager for Pacific Islands, new board appointments at Credit Corp, new board members at Kutubu Special Purpose Authority, resignation at Oil Search and Westpac chooses its Outstanding Woman of the Year.

In brief: Public debt stands at 31.9 per cent of GDP, and other business stories

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Total public debt stands at K23.5 billion, review of gun licences for private security firms likely, and People’s Micro Bank to be commercialised later this year. Your weekly digest of the latest business news.

Credit Corp expands into Timor-Leste, using the country’s 20-year plan as a ‘road map’

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A well-managed economy and a 20-year vision are two reasons Credit Corp has set up shop in Timor-Leste. Country Manager, Chris Durman, outlines his own vision to Business Advantage PNG.