In brief: Asian Development Bank downgrades Papua New Guinea’s growth outlook, and other business stories

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Papua New Guinea’s growth forecast downgraded by Asian Development Bank, Bank of PNG says growth this year will partly be driven by non-mineral sector activity, plus claims PNG’s global corruption rating will depend on government commitment to accountability. Your weekly digest of the latest business news.

In brief: Bank of Papua New Guinea seeks K793 million loan to assist foreign exchange backlog, and other business stories

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Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.

In brief: Papua New Guinea government suspends vegetable import ban, and other business stories

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Ban imported vegetables suspended for three months, Mainland CEO calls for tougher bio security measures, and Oil Search confident, despite low oil prices. Your weekly digest of the latest business news.

In brief: Port Moresby begins preparing for APEC and other stories

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A new ring road being built ahead of the 2018 APEC summit, diplomats warned and other local and international stories.

New Caledonia: vive la différence

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With a new investment guide just published on New Caledonia, we find out what is happening in Papua New Guinea’s French-speaking Melanesian neighbour.