Papua New Guinea’s economy needs progress on resources projects [opinion]

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Waiting for the announcement of Papua New Guinea’s next resource project is taking a toll on the economy. The President of the Port Moresby Chamber of Commerce and Industry, Rio Fiocco, shares with Business Advantange PNG what this means for businesses of every size.

A tale of two cities: why successful investment in Lae is a boost for Port Moresby

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Lae, Papua New Guinea’s second-largest city, is again emerging as a key location for investment. Far from drawing investors away from capital Port Moresby, a buoyant Lae could actually be good for both cities, say representatives from the two cities’ business chambers.

In brief: Papua New Guinea could renegotiate the terms of Papua LNG and other business stories

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Papua New Guinea’s Minister for Petroleum suggests there could be changes to the Papua LNG agreement, Prime Minister James Marape visit to Australia and Air Niugini to put a fleet replacement plan in place. Your weekly digest of business news.

Meet the new CEO of the Port Moresby Chamber of Commerce and Industry

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The Port Moresby Chamber of Commerce and Industry, Papua New Guinea’s largest business chamber, has a new Chief Executive Officer. In an exclusive interview with Business Advantage PNG, Stacey O’Nea shares her plans for the future.

Papua New Guinea’s controversial proposed foreign investment bill to be withdrawn, say chambers

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The proposed Foreign Investment Regulatory Authority Act has been withdrawn, according to Papua New Guinea’s two largest Chambers of Commerce and Industry. They say that the Minister for Commerce & Industry, Wera Mori, would instead look to amend the Investment Promotion Act.

People Moves: Digicel, Remington Group, Port Moresby Chamber of Commerce and Industry, Kina, Nambawan Super

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Digicel Papua New Guinea announces new head of HR, Remington Group welcomes a manager to its marketing team and POMCCI appoints a new CEO.

People moves: Port Moresby Chamber of Commerce & Industry, Ombudsman, Chief Justice

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A new Executive elected to the Port Moresby Chamber of Commerce & Industry, Accountant Ombudsman, Chief Justice retires.

ABAC identifies Papua New Guinea’s fisheries as outstanding growth area

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Papua New Guinea has significant opportunities for employment and foreign exchange from its fisheries, but only if it can develop the necessary policies and infrastructure. That was the conclusion from meetings of the APEC Business Advisory Council (ABAC).

IPA signals crack down on foreign ownership rorts in Papua New Guinea

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Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.

A tale of two cities: reflections on 10 years in Port Moresby and Lae

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Papua New Guinea’s two major cities, Port Moresby and Lae, are the heartbeat of the economy. David Conn, Chief Executive of the Port Moresby Chamber of Commerce and Industry (POMCCI) and Alan McLay, President of the Lae Chamber of Commerce (LCCI) reflect on the changes that have occurred in their respective cities over the last decade.