People Moves: Kina Asset Management Limited, Westpac Papua New Guinea

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New member at Kina Asset Management Limited’s board and Westpac Papua New Guinea appoints a new Chief Executive.

People Moves: Westpac PNG, PNG Air, Office of the Pacific, Cardno

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New head of corporate and commercial banking at Westpac PNG, board change at PNG Air,  a new Pacific supremo for Australia and a new CEO at Cardno.

Drop in new LNG capacity and surging China demand will benefit Papua New Guinea

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The global gas market is set to surge, according to Justin Smirk, Senior Economist at Westpac. He told a recent Port Moresby Chamber of Commerce and Industry meeting that Papua New Guinea is well placed to benefit.

In brief: Papua LNG project to put Papua New Guinea as leading LNG exporter, and other business stories

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Forex turnover more than K4b in October, call for joint PNG-Australia coastguard initiative, and one kina chocolate bar on sale locally. Your weekly digest of the latest business news.

The key factor Papua New Guinea’s banks and super funds look for before they will invest in your business

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To get investment into Papua New Guinea businesses, sound governance is essential. That was the view expressed by super fund managers, bankers and advisers at Business Advantage’s Investment conference in Brisbane.

Companies investing locally this year but will switch to starting up new operations next year, according to round table

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Companies are reducing the size of the businesses, now using excess capital to acquire domestically but may be switching to starting up operations next year. They were some of the observations in a round table discussion on Papua New Guinea’s investment environment at the Business Advantage Invest Forum in Brisbane.

Women entrepreneurs say ICT infrastructure and expertise delivering economic benefits

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As Papua New Guinea moves into an era driven by technology, both business and the role of women in business are being transformed, Mollina Kapal tells Business Advantage PNG.

People moves: Bougainville Copper, Westpac, Air Niugini, PNGICSA

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A new chair at Bougainville Copper, Westpac appoints a new Pacific Regional Head, a new Sales Manager for Air Niugini in the New Guinea Islands and a new chief migration officer appointed by the National Executive Council

Shift in demand for ‘exotic’ minerals resources could provide opportunities for Papua New Guinea

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A shift in the resources industry is expected, with demand for more “exotic” minerals increasing. But Justin Smirk, Senior Economist at Westpac Institutional Bank tells Business Advantage PNG that industry players must apply a long-term and holistic approach to reap the benefits.

In brief: Philippines company to operate Motukea and Lae ports, and other business stories

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Philippines port operator wins 25-year contract to run key ports,  Westpac MD outlines reasons for foreign currency backlog, and domestic gas clause to be part of new LNG projects. Your weekly digest of the latest business news.