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.
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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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.
In brief: BSP considers ASX listing, and other business stories
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Bank South Pacific explores secondary listing on Australian Exchange, Highlands Pacific considers selling stake in Frieda River project and strategy to counter coffee berry borer due this week. Your weekly digest of the latest business news.
PNG Ports accelerates Lae Industrial Park build, as Stage 2 of port commences
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Work on Lae’s Huon Industrial Park has been accelerated while stage two of the Lae Port development is on track to start by mid-2016, says Stanley Alphonse, the CEO of PNG Ports Corporation.
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