People moves: Hardware Haus Ltd, Steamships, PNG Cabinet

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New CEO for Hardware Haus Ltd, succession move at Steamships, and government ministerial appointments

Opinion: How Papua New Guinea can achieve economies of scale in housing  

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Housing is in high demand in Papua New Guinea, especially in Port Moresby and Lae. Large housing developments can increase supply, but regulators and developers must work together to reduce the costs, argues the PNG National Research Institute’s Logea Nao.

New housing developments in Port Moresby

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Papua New Guinea’s capital city is seeing a construction boom this year, with many commercial and housing developments in the pipeline.

People Moves: National Housing Corporation, Gas Resources PNG LNG Pipeline Limited

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The National Housing Corporation appoints a new Board Chairman and Gas Resources PNG LNG elects a Director of the Board.

Releasing land titles could bolster Papua New Guinea SMEs

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Granting more land titles over plantation smallholdings and National Housing Corporation housing stock, and freeing up land locked up in over 20,000 unresolved deceased estates could provide a real boost to Papua New Guinea’s small and medium enterprise (SME) sector.  Dr Charles Yala, Principal & Director of Niugini Land and Properties, is calling for the more effective transfer of outstanding titles.

Demand for affordable housing sees price rises, according to Papua New Guinea property survey

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Demand for residential houses among the growing urban population, especially in Port Moresby, has increased but the supply of quality and affordable houses has seen prices rise ‘exhorbitantly’, according to a new survey of the housing market by consultancy Niugini Land and Property.

Is more affordable housing on the way in Papua New Guinea?

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With the Papua New Guinea Government highlighting the need for more affordable housing in the country, not-for-profit organisation, Community Housing, believes it has the solution.

In brief: PNG Ports seeks interest for design and construction of Motukea Island wharf, and other business stories

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Motukea Island Port project expressions of interest called for, PM dismisses ‘secret deals’ with Rio Tinto, and Star Mountains project JV launches exploration campaign. Your weekly digest of the latest business news.

In brief: Prime Minister resists arrest warrant and other stories

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Prime Minister Peter O’Neill refuses to step aside after corruption claims, courts approve UBS loan repayments and Papua New Guinea’s financial system is worth nearly K40 billion. Your weekly digest of the latest business news.

In brief: new Petroleum Minister, Oil Search bond buyback and other stories

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PNG’s new Petroleum Minister, officials in Abu Dhabi to negotiate Oil Search bond buyback, and the cost of Manus Detention Centre detailed. Your weekly digest of the latest business news.