In Brief: Borrowing from China to upgrade roads, and other business stories

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Negotiating to upgrade roads, using aid for development, and refunds to domestic fishing companies. Your weekly digest of the latest business news.

Papua New Guinea businesses donate K80 million in cash and aid for earthquake relief

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Papua New Guinea businesses have donated at least K80 million in cash and equipment to aid February’s earthquake relief program.

In brief: Public debt stands at 31.9 per cent of GDP, and other business stories

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Total public debt stands at K23.5 billion, review of gun licences for private security firms likely, and People’s Micro Bank to be commercialised later this year. Your weekly digest of the latest business news.

In brief: Tourism brings in only US$105 million in the first half of 2017, and other business stories

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Tourism brings in only US$105 million in the first half of 2017, Lae businesses downturn about 30 per cent, says business leader, and SP Hunters win. Your weekly digest of the latest business news.

In brief: Highlands Highway re-opens after a month-long blockade, and other business stories

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Normal services along the Highlands Highways resume, coffee exports steady but expected to fall next year, and China approves loan for PMIZ. Your weekly digest of the latest business news.

Brand poll shows that well-established companies dominate in Papua New Guinea

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A new online survey by Business Advantage PNG to identify Papua New Guinea’s most recognisable local brands suggests that there are four stand out companies. So, what makes brands ‘stick’ with consumers?

Lae’s Unitech undergoes ‘cultural change’ to produce better qualified students

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Albert Schram, Vice-Chancellor of the University of Technology (Unitech) in Lae, tells Business Advantage PNG that the institution is undergoing a broad ‘cultural change’. The aim is to create closer ties with business in order to produce better qualified graduates.

In brief: PanAust revises up its estimate of the Frieda River project, and other business news

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Value and risk profile for Frieda River project improves, claims excess kina is resulting in more domestic investment, and corruption estimated to have cost Papua New Guinea K1.5 billion last year. Your weekly digest of the latest business news.

Trukai to expand its Papua New Guinea rice production despite uncertainty, says CEO Worthington-Eyre

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With the Papua New Guinean Government remaining tight-lipped on progression of its proposed rice policy, Trukai Industries is going ahead with the expansion of its rice business, Chief Executive Officer Greg Worthington-Eyre tells Business Advantage PNG.

In brief: Foreign currency issues continue to cause problems, and other business stories

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Foreign currency issues continue to cause problems, profit announcements for Nambawan Super and Bank South Pacific and InterOil acquisition finalised. Your weekly digest of the latest business news.