Fixing the Highlands Highway urgent, say business operators

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According to the Asian Development Bank’s May 2018 update, contracts for the US$800 million (K2.5 billion) multi-tranche funding to rehabilitate Papua New Guinea’s 430km highlands highway will be awarded between August and September.

Could Papua New Guinea’s offshore investment double?

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Offshore investment by Papua New Guinea companies remains comparatively small, but there are opportunities. One banking executive suggests it as an important way local financial institutions can diversify.

In brief: Newcrest revises Wafi-Golpu plan, and other business stories

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Newcrest plans larger development at Wafi-Golpu, O’Neill confident Papua New Guinea will recover from quake and loan to cover government superannuation debt. Your weekly digest of the latest business news.

In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

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Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.

Mapai Transport branches out to ‘rebalance’ trade links between Papua New Guinea and NZ

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After 20 years building a successful transport company, Mapai Transport founder Jacob Luke is exploring ways to correct PNG’s trade imbalance with NZ, and providing training opportunities for young Papua New Guineans.