What’s behind Papua New Guinea’s supplementary budget?

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The Papua New Guinea government has released its Supplementary Budget to adjust to ‘tough’ economic conditions. It assumes lower economic growth, a weaker exchange rate and higher inflation.

People moves: Bougainville Copper Ltd, Bank South Pacific, Deloitte,

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Chairman of Bougainville Copper resigns, Deputy chair of BSP resigns, new partners at Deloitte’s

People moves: Rio Tinto and Deloitte

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Additional role for Rio Tinto’s CEO of Iron Ore operations and a new Tax Principal at Deloitte.

How new technologies will affect Papua New Guinea businesses

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New and emerging technologies have the potential to radically transform business operations, driving e-commerce, cloud computing and efficiencies in supply chains and manufacturing. Business Advantage PNG asks some technology experts how some of these technologies may be deployed in Papua New Guinea.

People moves: Deloitte Papua New Guinea, Association of South Pacific Airlines

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Senior appointments at Deloitte PNG, a new Chair of the Association of South Pacific Airlines

In brief: US power and construction company eyes Papua New Guinea as next location, and other business news

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Pernix Group looks to expand into Papua New Guinea, European Investment Bank invited into PNG and Finance Minister says LNG is not ‘a waterfall’ of money.

Papua New Guinea Budget review welcomed

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The PNG Government’s decision to review the 2015 Budget has been welcomed, while another prominent economist suggests further foreign investment can be attracted by improved policy settings.

In brief: Low inflows of foreign currency affecting Papua New Guinea businesses, and other business stories

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PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.

People moves: Deloitte, Foyson Resources, Airlines PNG

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Key changes at Deloitte, new PNG-based director at Foyson Resources, Airlines PNG appoints director

Central bank governor defends pegging of kina, and other business stories

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Central bank governor says economic stability dependent on kina pegging, Panguna landowners support re-opening of gold and copper mine, and 2015 Budget may be a deficit budget with ‘no significant strategic changes’. Your weekly digest of the latest business news.