Making things harder: how manufacturers are adapting to Papua New Guinea’s pandemic trading landscape

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Chey Scovell, head of the Papua New Guinea Manufacturers Council, talks to Business Advantage PNG about how his sector is confronting the challenges of the new normal and an uneven playing field.

People moves: Geopacific Resources, POMCCI, Newcrest, Coastal Shipowners Association

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Geopacific Resources elects a Non-Executive Director, the Port Moresby Chamber of Commerce and Industry (POMCCI) announces its Board composition for 2020 – 2021, Newcrest mining appoints a new Company Secretary.

In brief: Nadzab Airport redevelopment project officially launched and other business stories

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Nadzab airport set to get a major facelift, PNG Ports says only three ports are profitable, and SIM card registration deadline extended. The business news you need to kickstart your week.

In brief: Oil Search planning strategic review and other business stories

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Oil Search to undergo a strategic review, Newcrest remains positive about Wafi-Golpu and public consultation on internet pricing. The news you need to kickstart your week.

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.

In brief: Oil Search still keen on P’nyang gas project and other business stories

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S&P Global Rating lowers Papua New Guinea’s sovereign credit rating, Zijing Mining sends letter to Prime Minister Marape and PNG DataCo lands the Kumul Submarine Cable in Kavieng. The business news you need to kickstart your week.

Digging deeper: Mineral Resources Authority confident about the future of Papua New Guinea’s mining sector

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The global economic crisis triggered by COVID-19 outbreak has increased the urgency for Papua New Guinea to facilitate mining projects, which are the biggest providers of crucial foreign exchange. Business Advantage PNG speaks exclusively PNG’s Mineral Resources Authority about where the sector is heading.

In brief: Papua New Guinea to receive K70 million from the World Bank and other business stories

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World Bank commits K70 million to help Papua New Guinea in its fight against COVID-19, the Minister for Petroleum gives an update on resource projects and Oil Search successfully completes its equity raise. The business news you need to know to kickstart you week.

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.

Transparency report shines light on Papua New Guinea’s extractive sector

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Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.