In brief: Philippines company to operate Motukea and Lae ports, and other business stories

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Philippines port operator wins 25-year contract to run key ports,  Westpac MD outlines reasons for foreign currency backlog, and domestic gas clause to be part of new LNG projects. Your weekly digest of the latest business news.

How Steamships is preparing for the next upturn (Part 1)

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Despite 2016 being ‘a relatively quiet time’, Steamships Managing Director Peter Langslow, in the first of a two part series, says his diversified company is becoming more efficient and continuing to invest in its operations in PNG in preparation for the next upturn.

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.

Papua New Guinea agriculture benefitting from lower commodity prices, says Asian Development Bank economist

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The Asian Development Bank’s departing Papua New Guinea economist, Aaron Batten, says agriculture is the big winner with the current downturn in commodity prices, while its Country Director Marcelo Minc flags further bank investment in PNG.

In brief: the first stage of Lae’s port upgrade is completed, and other business stories

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Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.