In brief: Funding freeze on Pacific Marine Industrial Zone lifted, and other business stories

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China lifts freeze on funding for Pacific Marine Industrial Zone, only five SABL leases handed back and Malaysian company to build satellite township in Central province. Your weekly digest of the latest business news.

In brief: O’Neill declares PNG moving towards a new regime of ‘managed economic growth’ and other business stories.

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A new approach to managing PNG’s economy, Manus Island detention centre to be ‘wound down’, and PNG cricketers turning professional. Your weekly digest of the latest regional business news.

In brief: First LNG shipment on board ship this week and other business stories

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First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.

In brief: Boost for roads and agriculture, tax review paper released, rubber production halts

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World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.

People moves: new Treasurer, new director to PNGSDP and Bank of PNG board

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O’Neill appoints Pruaitch as Treasurer, Somare appointed to PNGSDP and three new directors of Bank of PNG.

People moves: Airlines PNG and Cloudy Bay Sustainable Forestry

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Airlines PNG appoints a new Chief Commercial Officer in a restructure, while there is a leadership change at Cloudy Bay Sustainable Forestry.

Cloudy Bay wins full Forestry Stewardship Council certification

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Cloudy Bay Sustainable Forestry Ltd has achieved another milestone in its drive for sustainable development with the certification by the Forest Stewardship Council (FSC) for responsible forestry management.

PNGSDP prepares for life without Ok Tedi

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Papua New Guinea Sustainable Development Program Ltd appears to be resigned to losing its main asset, the Ok Tedi mine, to the PNG Government. What are the implications if the takeover goes ahead?

Papua New Guinea Sustainable Development Program at turning point: Sir Mekere’s speech

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Papua New Guinea Sustainable Development Program Limited has been under heavy political pressure to relinquish is majority ownership of PNG’s largest mine, Ok Tedi. In this speech, delivered at the announcement of the company’s 2012 annual report this week, PNGSDP Chairman Sir Mekere Morauta appears to concede the loss of Ok Tedi, arguing for a sale on fair terms, and ponders both the future of PNG’s largest mine, and his own organisation.

Papua New Guinea Sustainable Development Program fights back with ‘the facts’ on Ok Tedi

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The ownership structure of the Ok Tedi mine ‘had stood the test of time’ and there was ‘no good reason to change it,’ according to Chairman of Papua New Guinea Sustainable Development Program Limited (PNGSDP), Sir Mekere Morauta.