Private sector investment targeted to redevelop Papua New Guinea state assets

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Some key Papua New Guinea state assets, including the site of Port Moresby’s old port, are being readied for redevelopment, with private sector investment being sought. The move is being guided by a new investment strategy from state holding company, Kumul Consolidated Holdings.

People moves: Kumul Consolidated Holdings, Papua New Guinea Government

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Kumul Consolidated Holdings announces new head, and changes in seven Papua New Guinea statutory bodies. 

What is Fortescue Metals Group doing in Papua New Guinea?

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Earlier this month, Papua New Guinea’s government announced a ‘deed of agreement’ with Australian iron ore giant, Fortescue Metals Group, to develop renewable energy projects in PNG. Business Advantage PNG learns more about its plans from Julie Shuttleworth, CEO of subsidiary Fortescue Future Industries.

People moves: Kokoda Track Foundation, KTHL, NCSL, Save the Children Australia, World Bank

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The Kokoda Track Foundation names new Director, Kumul Telikom Holdings Ltd (KTHL) announces changes, Nasfund Contributors Savings and Loan Society welcomes a Chief Operating Officer, Save the Children Australia announces Pacific representative and the World Bank to welcome new Country Economist.

In brief: vaccine rollout announced for Papua New Guinea and other business stories

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Vaccine rollout announced for Papua New Guinea’s 22 provinces, Enga Electrification Project gets funding and Kumul Petroleum to seek funding for gas fields overseas. The news in brief.

In brief: Wafi-Golpu licence expected by the end of July or August and other business stories

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Mining Minister is optimistic about Wafi-Golpu mining project, Police Commissioner must vacate office before the end of the month and Australia’s Seasonal Worker Program is back. 

In brief: Kumul Petroleum awards contracts for a new power generation facility and other business stories

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Kumul Petroleum Holdings advances plans for a new power generation facility, new Australian new travel requirements and Ok Tedi Mining announces final dividend. Your round-up of the latest business news.

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.