In brief: Papua New Guinea announces plans for ‘partial privatisation’ of state-owned enterprises and other business stories

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Papua New Guinea’s Minister for State Enterprises announces plans for ‘partial privatisation’ of state-owned enterprises, P’nyang negotiations between ExxonMobil and PNG could resume and company reporting season. The business news you need to kickstart your week.

Privatisation on the agenda for Papua New Guinea’s state-owned enterprises?

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Minister for State Enterprises Sasindran Muthuvel has revealed his plans to reform Papua New Guinean’s under-capitalised state utilities and telecommunications businesses. The future could involve partial privatisation, he says.

2019: the year in review for Papua New Guinea business

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A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here’s how Business Advantage PNG reported on 2019.

The Marape Manifesto: Prime Minister announces bold new course for Papua New Guinea

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Papua New Guinea’s Prime Minister, James Marape, has issued The Marape Manifesto, a blueprint outlining his priorities in government. It flags some big changes, especially in the resource sector. David James explores.

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.

In brief: Papua New Guinea team in Singapore to discuss Papua LNG and other business stories

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Minister for Petroleum Kerenga Kua is in Singapore to discuss the Papua LNG agreement, Papua New Guinea’s Kumul Consolidated Holdings announces its profits for the first half of 2019, and the United Nations Development Program Pacific Office opens the first Accelerator Lab in the region. Your weekly digest of business news.

In brief: Prime Minister James Marape asks China for free trade deal and other business stories

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Prime Minister Marape asks China to consider a Free Trade Agreement with Pacific island countries; Kumul Consolidated Holding reveals construction plans for Port Moresby, and an agreement has been reached to recommence the Carbon Trading Project in East Sepik Province. Your weekly digest of business news.

Papua New Guinea’s state-owned enterprises reveal mixed financial results

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Kumul Consolidated Holdings has released the 2018—and 2019 first quarter—financial results for Papua New Guinea’s state-owned enterprises. Business Advantage PNG investigates.

‘Fundamental change’ needed with Papua New Guinea state-owned enterprises

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Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.

People moves: Kumul Consolidated Holdings, Waghi Mek (Coffee) Plantation, Terrain Tamer

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Chairman and Director of Kumul Consolidated Holdings removed, an Acting Managing Director at Waghi Mek (Coffee) Plantation, and a new General Manager at Terrain Tamer