National Development Bank aims to become Papua New Guinea’s fifth commercial bank

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Papua New Guinea’s state-owned National Development Bank is preparing to apply for a full commercial banking licence by early 2017, according to Managing Director, Moses Liu.

In brief: Mining resumes at the Porgera gold mine following partial closure, and other business stories

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Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.

In brief: Papua New Guinea aims to strengthen business relationship with United Kingdom, and other business stories

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O’Neill wants PNG to take advantage of global business opportunities, Australia provides additional development funds, and Air Niugini outsources Lihir airport services. Your weekly digest of the latest business news.

Micro finance sector in Papua New Guinea expanding services

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Sharing nearly 500,000 clients, Papua New Guinea’s micro finance industry is expanding its reach, its numbers and its services. Business Advantage PNG looks at what the industry is offering.

In brief: Power workers delay strike action for a week, and other business stories

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Power workers give management another week to respond to pay claims, the People’s Micro Bank to get a full banking licence, Sime Darby withdraws from takeover talks with NBPOL. Your weekly digest of the latest business news.

In brief: Bougainville mining law passed, giving licensing regime to Autonomous Government, and other business news

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Bougainville’s Autonomous Government moves closer to issuing mining licences, tuna stocks down to 16% of original size and foreign shareholding of NNBPOL won’t exceed 49 per cent. Your weekly digest of the latest business news.

In brief: Cabinet considers Ramu Valley as a ‘Special Economic Zone’ for agriculture and other business stories

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Cabinet considers a plan to turn the lush Ramu Valley into a Special Economic Zone, Microbank aims at 50,000 customers and Nambawan Super’s overseas investments down 20 per cent. Your weekly digest of the latest business news.

National Development Bank pledges to boost participation in small business

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Papua New Guinea’s Government has an ambitious target of creating 500,000 locally-owned businesses over the next 20 years. The National Development Bank is key to its plans, as Managing Director Moses Liu explains.