An investigation has cleared Horizon Oil of any wrongdoings in Papua New Guinea, PNG amends Oil and Gas Act and NASFUND revamps its image. The business news you need to kickstart your week.
In brief: Horizon Oil clears its name and other business stories
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People moves: BSP, Coca-Cola Amatil, Nasfund, Legal Training Institute, Ok Tedi, Kumul Mineral Holdings
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Bank South Pacific (BSP) appoints a Group Chief Financial Officer, Nasfund welcomes a Chief Officer Members Services, Coca-Cola Amatil gets a new Group CFO, an Acting Director for Legal Training Institute, Ok Tedi Mining appoints a new head and Kumul Mineral Holdings elects a Chairman and Acting Managing Director.
People moves: NASFUND, Newcrest, Embassy of Denmark, ANZ
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NASFUND welcomes two independent directors to its board, Newcrest gets a new Chief Legal, Risk and Compliance Officer, the Danish Ambassador announces the end of his tenure and ANZ appoints a new member to its Group Executive Committee.
How Papua New Guinea’s crisis in business funding could be solved
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The impact of the COVID-19 crisis on Papua New Guinea’s financial markets has been muted so far. However, the crisis provides an opportunity to create new investment opportunities so that local entrepreneurs can raise capital more easily.
People moves: Nasfund, Newcrest, Constitutional Law Reform Commission, British High Commission in Tonga
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An Independent Director joins Nasfund, Newcrest announces changes to its Executive Committee, the Constitutional Law Reform Commission appoints a Secretary and the British High Commission reopens in Tonga.
Building and Construction: a sector profile
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A profile of the building and construction sector in Papua New Guinea, including information on acquisition of land, approvals, building boards and taxes.
People moves: Central Provincial Health Authority, Puma Energy
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The Central Provincial Health Authority announces its first Chairman and Puma Energy Ltd has a new Country General Manager.
People moves: NASFUND, Paradise Foods
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NASFUND appoints a new board member and a Chaplain joins Paradise Foods Ltd.
Papua New Guinea’s two big super funds on how to improve capital raising
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PNG’s superannuation funds are heavily weighted towards cash and government bonds. But many other opportunities could be developed, senior executives of the two big super funds told the 2019 Business Advantage Investment Conference.
In brief: Prime Minister James Marape visits Lae and other business stories
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Papua New Guinea Prime Minister James Marape makes his first provincial visit, the Attorney General Davis Steven moves to establish an Independent Commission Against Corruption (ICAC) and companies that don’t comply with the Independent Consumer and Competition Commission (Amendment) Act could face automatic penalties. Your weekly digest of business news. Last week, Prime Minister James […]
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