LNG sales drives massive rise in Papua New Guinea exports in 2014

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Exports from Papua New Guinea rose 64 per cent in value during 2014 to K21,903.6 million, largely due to the start of LNG production, according to the Bank of Papua New Guinea.

In brief: Credit Corp profit down after completion of LNG plant, and other business stories

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Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.

Economic update: Papua New Guinea changes gear

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Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy.

Opinion: How Papua New Guinea can lessen the impact of falling energy prices

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Progress in fostering economic and social development is threatened by the recent drop in global energy prices. Paul Barker provides practical ways to minimise the impact of the downturn.

Sime Darby expansion to follow takeover of Papua New Guinea’s New Britain Palm Oil

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Malaysian conglomerate Sime Darby has indicated it will expand processing operations through its takeover of New Britain Palm Oil, following its final purchase of Papua New Guinea’s largest agribusiness.

Accountability the key to success of Papua New Guinea’s Sovereign Wealth Fund

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Papua New Guinea’s Parliament is likely to approve establishing the long-awaited Sovereign Wealth Fund by June, after unanimously voting for its enactment at its first reading last week.

In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories

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PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.

In brief: Crater Gold wins mining licence, and other business stories

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Government go ahead for Crater Mountain gold mining, Bank of South Pacific profits rise 16%, study to upgrade Ramu Highway signed. Your weekly digest of the latest business news.

Dealing with debt, deficit and transparency: experts identify key 2015 Budget issues

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The O’Neill government is preparing to deliver its 2015 budget, against a backdrop of rising government debt and rising expenditure. Business Advantage PNG asks what business needs and what we might expect.

In brief: Secrecy over proposed Sovereign Wealth Fund criticised, and other business stories

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Failure to set up the Sovereign Wealth Fund criticised, Telikom undertakes ‘due diligence’ on EMTV, and a call to continue tax breaks for resource sector investors. Your weekly digest of the latest business news.