In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories

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Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.

People moves: Independent Consumer and Competition Commission, Independent Public Business Corporation

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A new CEO at the Independent Consumer and Competition Commission, and a new General Manager—Projects, at the IPBC.

In brief: Treasurer Pruaitch calls for tighter regulations to prevent Kina falling, and other business stories

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Companies and dealers ‘adversely affected’ foreign exchange availability in Papua New Guinea, Bougainville Government considers large-scale mining, and Asian Development Bank commits K1.7 billion to PNG. Your weekly digest of the latest business news.

In brief: promise to complete key highway within 30 months and other business stories

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PM promises to upgrade Gulf-Southern Highlands Highway, a ban on foreigners buying land, and a possible chocolate factory for East Sepik. Your weekly digest of the latest business news.

In brief: Government prepares to relocate Moresby port to Motukea Island, and other business stories

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The national government prepares to buy Motukea Port from Curtain Bros, exports of LNG could double in five years and fuel prices fall. Your weekly digest of the latest business news.

In brief: O’Neill seeking review of Ombudsman’s order to freeze Oil Search loan deal, and other business stories

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O’Neill seeks judicial review of Ombudsman’s direction to freeze loan for Oil Search shares, Treasurer predicts annual K10 billion boost from LNG, and food labelling must now be in English. Your weekly digest of the latest business news.

In brief: First LNG shipment on board ship this week and other business stories

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First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.

Credit Corporation profits up 250%

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Papua New Guinean finance company Credit Corporation, the target of recent buyout interest from BSP, has posted increased profits of K106.11 million in the financial year ending 31 December 2012.

Airlines PNG–Virgin codeshare should continue: ICCC

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The codeshare arrangement between Airlines PNG and Virgin Australia should be allowed to continue, according to a draft decision released yesterday by the Papua New Guinea Independent Consumer and Competition Commission (ICCC).

Managing risk in Papua New Guinea

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The insurance industry in PNG looks forward to consolidation, more growth and regulatory reform in the coming year. Optimism in PNG’s insurance sector is high with companies seeking to expand amid the strong economic growth of PNG. ‘The economy is very healthy,’ says Chris Giddings of Pacific Re, a Port Moresby-based reinsurance firm, and President […]