People Moves: Autonomous Region of Bougainville, Lae Chamber of Commerce

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People Moves: Autonomous Region of Bougainville, Lae Chamber of Commerce

Papua New Guinea’s controversial proposed foreign investment bill to be withdrawn, say chambers

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The proposed Foreign Investment Regulatory Authority Act has been withdrawn, according to Papua New Guinea’s two largest Chambers of Commerce and Industry. They say that the Minister for Commerce & Industry, Wera Mori, would instead look to amend the Investment Promotion Act.

People moves: Lae Chamber of Commerce and Industry, South Pacific Tourism Organisation

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A new Executive Officer at the Lae Chamber of Commerce and Industry and the South Pacific Tourism Organisation reappoints Deputy Chairperson 

What signs of recovery are experienced business leaders looking for in Papua New Guinea? (Part One)

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What are the signs of economic recovery in Papua New Guinea that business leaders should look out for? In the first of a two part series, Business Advantage PNG asks some experienced business leaders what indicators they regard as significant and whether what they are seeing is positive.

In brief: Chinese companies win bid to build Ramu 2 power project, and other business stories

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Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.

Opinion: Papua New Guinea economy to remain weak but Lae business hopeful of an upturn

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The Papua New Guinea economy is not likely to improve greatly in the first half of the year, says Alan McLay, President of the Lae Chamber of Commerce. But he believes companies in Lae – PNG’s manufacturing and logistics hub – remain hopeful of an upturn and he expects some positive developments with power provision.

Papua New Guinea rises 14 places in World Bank ‘ease of doing business’ ratings

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Papua New Guinea has risen 14 places overall in the World Bank’s annual report on ‘Ease of Doing Business’, primarily in the areas of starting a business and getting credit.

Third stage of minimum wage increase for Papua New Guinea workers effective from July

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The minimum wage in PNG will rise to K3.50 an hour from 1 July, from the current rate of K3.36.

In brief: Chamber calls for action over lack of foreign exchange, and other business stories

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Lae business leader warns of job cuts if forex problem not solved soon, Tourism Minister says PNG lags behind Vanuatu and Fiji in tourism spend, and 1,000 SMEs to close when asylum seeker centre closes. Your weekly digest of the latest business news.

A tale of two cities: reflections on 10 years in Port Moresby and Lae

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Papua New Guinea’s two major cities, Port Moresby and Lae, are the heartbeat of the economy. David Conn, Chief Executive of the Port Moresby Chamber of Commerce and Industry (POMCCI) and Alan McLay, President of the Lae Chamber of Commerce (LCCI) reflect on the changes that have occurred in their respective cities over the last decade.