Papua New Guinea Investment Conference comes to Sydney

Welcome,

In just two weeks’ time, senior executives from across the region will gather in Sydney for the 2019 Business Advantage Papua New Guinea Investment Conference. We preview what delegates can expect from the event.

Boardroom briefing: regulator focuses on Google and Facebook, emojis at work and shorter working weeks

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Turns out that using emojis at work or to promote a business can deliver positive results, shorter workweeks help to increase productivity and loyalty, and every S&P 500 company now has at least one woman on its board. Readings from around the world on business, leadership and management.

People moves: statutory bodies, special envoy, Simbu Limestone Project

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The National Executive Council appoints heads of statutory bodies, Prime Minister James Marape names an Special Envoy on Papua New Guinea Foreign Matters, and the Simbu Limestone Project welcomes a Managing Director.

Lae to become city of innovation and growth, says the President of LCCI

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John Byrne, President of the Lae Chamber of Commerce and Industry (LCCI), tells Business Advantage PNG that despite foreign exchange shortages and poor roads, there is an upward trend in the city.

World Bank offers cautious appraisal of Papua New Guinea’s economy

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The World Bank has released its latest half-yearly appraisal of Papua New Guinea’s economy. It confirms PNG’s economy contracted last year but predicts it will bounce back over the next three years, subject to some ‘rising uncertainties’.

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.

How NKW Holdings has experienced massive growth in Papua New Guinea

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Papua New Guinea landowner company NKW Holdings has undergone a massive expansion in the past eight years.  In this exclusive interview with Business Advantage PNG, Chief Executive Officer Marlen Brunskill talks about the growth of the company and why the future looks promising.

Boardroom briefing: Google searches, Papua New Guinea’s state of the economy and Instagram without ‘likes’

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Google hires about 10,000 humans to improve search results, Papua New Guinea’s ‘annual half-time score on the economy’, and Instagram rolls out its ‘like’ test in more countries. Readings from around the world on business, leadership and management.

People moves: Trukai Industries, Oil Search

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Trukai Industries welcomes a General Manager, Sales and Marketing, and Oil Search announces four new appointments.

In brief: Oil Search cuts 2019 capital spending budget and other business stories

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Oil Search has cut its 2019 capital spending budget, delays in the Wafi-Golpu project has lead to job loss, and Bank South Pacific reports liquidity in Papua New Guinea’s banking sector has decreased. Your weekly digest of business news.