People moves: Independent Public Business Corporation, PNG Power, Newcrest Mining, Virgin Australia

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A new Managing Director at the IPBC, a new Executive Director at PNG Power, Newcrest Mining appoints a Chief Development Officer and a new chair for Virgin Australia.

In brief: PNG Ports seeks interest for design and construction of Motukea Island wharf, and other business stories

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Motukea Island Port project expressions of interest called for, PM dismisses ‘secret deals’ with Rio Tinto, and Star Mountains project JV launches exploration campaign. Your weekly digest of the latest business news.

In brief: Low inflows of foreign currency affecting Papua New Guinea businesses, and other business stories

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PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.

People moves: International Finance Corporation, Independent Public Business Corporation

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IFC’s PNG Country Coordinator moves on, new Business & Community Manager at IPBC

People moves: Steamships, Indochine and IPBC

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New Managing Director of Steamships, a new Chairman for Indochine Mining and IPBC directors reappointed.

Launch of Link PNG marks start of expansion plans for Papua New Guinea’s national carrier

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Air Niugini is looking to expand its services to other Melanesian countries from 2015, and possibly China in coming years. The plans follow the launch of its new low-cost domestic subsidiary, Link PNG, which has implications for other state-owned enterprises.

Prepare for a ‘tsunami’ of development projects: Independent Public Business Corporation chair

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The Chairman of Papua New Guinea’s Independent Public Business Corporation (IPBC), Paul Nerau, has flagged a ‘tsunami’ of government-backed development projects worth billions of kina, including the relocation of Port Moresby’s port and gas-generated electricity.

Program firms up for Papua New Guinea Advantage Summit

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September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.

Lae is doing well, but land and town planning issues remain: McLay

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With a new port, a new hospital and plans to redevelop Nadzab Airport, things are looking up for Lae, Papua New Guinea’s second-largest city. However, says Alan McLay, these developments highlight a shortage of land, and a need for more effective town planning.

In brief: Prime Minister resists arrest warrant and other stories

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Prime Minister Peter O’Neill refuses to step aside after corruption claims, courts approve UBS loan repayments and Papua New Guinea’s financial system is worth nearly K40 billion. Your weekly digest of the latest business news.