People moves: PNG Air, Papua New Guinea Chamber of Commerce and Industry, Works Dept., Corrs Chambers Westgarth, NASFUND

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The CEO of PNG Air resigns, the President of the Papua New Guinea Chamber of Commerce and Industry quits, Works Secretary re-appointed, a promotion to Partner at a Corrs Chambers Westgarth, NASFUND appoints a brand ambassador

Loloata Island Resort gets a makeover

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Loloata Island Resort in Bootless Bay, near Port Moresby, is getting a stylish makeover, with the help of the Papua New Guinean super fund, Nasfund.

People moves: NASFUND, PNG Power

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Two new directors at NASFUND, a new Chairman at PNG Power

Local knowledge and ‘being there’ critical for business success in the Pacific region

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Looking to invest successfully in the Pacific? There’s no substitute for understanding your market and its people, and for being on the ground. Three successful regional investors also outlined to the Business Investment PNG Conference which sectors have the most potential.

Papua New Guinea Investment Conference ‘a resounding success’

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The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.

In brief: Tenders out for Highlands Highway upgrade, and other business stories

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Government puts out tenders for the first part of a K3 billion Highlands Highway upgrade, demand for foreign currency falls, and report that 31 per cent of log exports from illegal SABLs.

In brief: PanAust revises up its estimate of the Frieda River project, and other business news

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Value and risk profile for Frieda River project improves, claims excess kina is resulting in more domestic investment, and corruption estimated to have cost Papua New Guinea K1.5 billion last year. Your weekly digest of the latest business news.

In brief: BSP considers ASX listing, and other business stories

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Bank South Pacific explores secondary listing on Australian Exchange, Highlands Pacific considers selling stake in Frieda River project and strategy to counter coffee berry borer due this week. Your weekly digest of the latest business news.

In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories

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BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.

People moves: Paradise Foods, Bank of Papua New Guinea, KPMG, NASFUND

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Managing Director of Paradise Foods steps down, Bakani re-appointed as Central Bank Governor, KPMG appoints a new Managing Partner, four new NASFUND executives.