In brief: Papua New Guinea SOEs’ tax debt close to K700 million and other business stories

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The Internal Revenue Commission’s potential plans for state-owned enterprises debt to be repaid, Fiji welcomes Kina Bank, and Link PNG’s proposed acquisition of PNG Air rejected again. The business news you need to know today.

In brief: Simberi mine suspends operations temporarily and other business stories

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St Barbara has suspended operations of its Simberi project until it is safe to restart, Air Niugini relaxes COVID-19 restrictions for national flights, and global shortage of storage containers might impact Papua New Guinea’s trade. The business news in brief.

Papua New Guinea’s Lae set to become Pacific hub

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Port operator International Container Terminals Services is looking to improve efficiency at Papua New Guinea’s ports, and opening the way for new business opportunities.

In brief: Chamber of Mines and Petroleum pledges to help Papua New Guinea with COVID-19 efforts and other business stories

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The PNG Chamber of Mines and Petroleum pledges to join help with COVID-19 efforts, news on the Simberi gold mine revised MOA and a new report highlights strategies to help the coffee industry. Your business news in brief.

People moves: NASFUND, PNG Ports

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Two join NASFUND’s Board of Directors and PNG Ports announces a new Chief Operations Officer.

Boardroom briefing: no more IPOs boys’ club, shipping index sinks, and digital marketing tricks

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Goldman Sachs bans all-male IPOs, coronavirus hits international shipping and how SMEs can market better.

People moves: Business Advantage International, Comrade Trustee Services, PNG Ports

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Business Advantage International announces a new Senior Editor, Comrade Trustee Services welcomes a CEO, and PNG Ports Corporation appoints a Managing Director.

‘Fundamental change’ needed with Papua New Guinea state-owned enterprises

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Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.

Lae port expansion to be completed late 2019, says PNG Ports MD

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A second major port in Papua New Guinea is expected to be completed in late 2019, says PNG Ports Corporation Managing Director, Stanley Alphonse. He tells Business Advantage PNG the K350 million project will include the greater Lae Tidal Basin Project and the Huon Industrial Park development in Lae.

People moves: Oil Search, PNG Ports, PNG Forest Authority, French Minister for Overseas Territories

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Oil Search Directors re-elected, Managing Director at PNG Ports, confirmation of Managing Director of the PNG Forest Authority, new French Overseas Territories Minister