Pacific Towing: to succeed in the Pacific think regionally, act locally

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Pacific Towing is mirroring its business model in Papua New Guinea and the Solomon Islands in Fiji. The company expects to continue its expansion in the Pacific region and is betting in developing local talent to provide solutions for the industry. Sarah Byrne explores.

In brief: Papua New Guinea signs up to China’s ‘One Belt, One Road’ initiative, and other business stories

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China deal to benefit Highlands provinces, call for restructure of agriculture department and quarantine authority, and Pacific Assurance Group goes into liquidation. Your weekly digest of the latest business news.

In brief: Fiji lifts ban on import of Papua New Guinea food products, and other business stories

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Fiji’s trade Minister lifts ban on PNG food products, K65 million sought to contain coffee berry borer, and O’Neill warns of crackdown on companies not paying taxes. Your weekly digest of the latest business news

In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

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Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.

In brief: Ok Tedi mine reopens and other Papua New Guinea business stories

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Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.

In brief: Call for Papua New Guinea government and industry to weather low commodity prices, and other business stories

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Oil Search leader says PNG ‘well placed’ to manage low commodity price regime, Ok Tedi expected to be profitable, and BSP reports 5 per cent profit increase. Your weekly digest of the latest business news. PNG is well placed to weather the current low world oil price environment, but the Government and industry need to […]

Reserve Bank Governor says Papua New Guinea has a lot to learn from Fiji about tourism

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Despite being the biggest Pacific nation, PNG is lagging behind its neighbours, holding only 10% of the regional tourism market, says the Governor of the Bank of Papua New Guinea, Loi Bakani. And on a global scale, PNG ranks last in terms of benefitting economically from tourism.

In brief: Tolukuma gold mine sale to lead to restart of operations, and other business stories

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Singapore company aims to recapitalise and restart Tolukuma gold mine, NPCP to contribute K450 million to Supplementary Budget, and PNG Defence Force ventures into business. Your weekly digest of the latest business news.

In brief: Hope that SABLs leases will be return to landowners soon, and other business stories

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Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his ‘full price’. Your weekly digest of the latest business news.

In brief: Papua New Guinea Power fast-tracks extra machines to stabilise power in Port Moresby, and other business stories

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Port Moresby load shedding after shortfall in generation capacity, NRL rights deal kicks Telikom’s purchase of EMTV into touch, Eastern Highlands coffee producers may switch to robusta. Your weekly digest of the latest business news.