People moves: PNG Institute of Directors, PNG Ports Ltd, City Pharmacy Ltd, Ashurst, BSP and more

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New CEOs for PNG Institute of Directors and PNG Ports Ltd, key changes at City Pharmacy Ltd, a new board member for BSP and a new partner at Ashurst.

Papua New Guinea’s ports anticipate lift in freight volumes

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After a challenging 2023, Papua New Guinea’s port and road transport operators are preparing for a significant recovery in demand this year.

More capacity, more efficiency: Papua New Guinea’s ports get a makeover

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Freight volumes into PNG’s two major international ports, Motukea and Lae, were up substantially in 2022. New resources projects and transformative investments look set to drive further expansion.

People moves: PNG Ports, Credit Corporation PNG, Mayur Resources, Kacific

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Acting CEO appointed at PNG Ports, new Chairman for Credit Corporation PNG, Mayur Resources Limited welcomes new Resident Director, and Kacific appoints Managing Director of the Pacific.

Papua New Guinea has ‘enormous potential’ to increase exports, Eslake tells conference

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Delegates to last week’s 2022 Business Advantage Papua New Guinea Investment Conference received an overview of the plans of the new Marape government, as well as detailed economic updates and a range of briefings on opportunities across the country’s key economic sectors.

In brief: Papua New Guinea’s foreign exchange reserves up and other business stories

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Head of bank comments on foreign exchange improvement at the end of last year, alluvial mining reserved for Papua New Guineans. and Santos reports record profits. The business news you need today.

The shipping forecast: the vision for expanding Papua New Guinea’s ports

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This week saw the announcement of AUD$580 million (K1.45 billion) in financing support from Australia for Papua New Guinea’s ports. PNG Ports’ Managing Director Fego Ota Kiniafa outlines how the money will be spent and how the state-owned entity has managed the challenges of the past year.

In brief: Papua New Guinea signs agreements to build refinery and mint facility and other business stories

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A project to build a refinery and mint facility in Port Moresby could put Papua New Guinea in the ‘world gold map’, Bougainville to receive K50 million electricity support package, and new agribusiness development in Western Province. The business news you need today.

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.