Papua New Guinea Prime Minister Peter O’Neill tenders formal resignation

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Papua New Guinea’s Prime Minister Peter O’Neill has formally tendered his resignation to the country’s Governor-General, Sir Bob Dadae, this morning. The resignation paves the way for Parliament to elect a new Prime Minister. Time will tell if it’s also the end of the People’s National Congress-led government, which has governed  Papua New Guinea since 2011.

Less than 5 per cent of Papua New Guinea businesses getting foreign exchange when they need it: poll

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As far as business is concerned, Papua New Guinea’s foreign exchange challenges are far from over. That’s according to an exclusive Business Advantage PNG poll, which indicates the majority of businesses are still experiencing significant delays in meeting their foreign currency needs.

Boardroom briefing: exchange rate traps, world’s most valuable brands and megatrends

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Don’t let retailers decide the exchange applied to your purchases, top 10 world’s most valuable brands and megatrends shaping the next few decades. Readings from around the world on business, leadership and management.

People moves: IAG Global

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IAG Global welcomes a new Global Chairman of the Board.

People Moves: Cabinet reshuffle, Kina Petroleum, South Pacific Tourism Organisation, ANGAU Hospital

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Papua New Guinea’s Prime Minister appoints four new ministers, Kina Petroleum elects a new Chief Operations Officer – Upstream and LNG, South Pacific Tourism Organisation appoints Chairman and ANGAU Memorial General Hospital welcomes a new Chief Executive CEO.

In Brief: Huawei added to US trade blacklist and other business stories

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The telecom giant Huawei has been blacklisted by the United States, the South Pacific Tourism Organisation has released a positive tourism report for the Pacific region and Papua New Guinea’s Minister for Agriculture introduced the Agriculture Park project to Eastern and Western Highlands provinces. Your weekly digest of business news.

Boardroom briefing: chatbots, recycling criminals and business travel made easier

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Chatbots are popping up everywhere, a UK charity finds itself with a profitable business, and a new program to make business travel simpler. Readings from around the world on business, leadership and management.

Papua New Guinea’s Prime Minister O’Neill announces intention to resign – what happens next?

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Papua New Guinea’s Prime Minister Peter O’Neill announced his resignation yesterday at a press conference in Port Moresby. The announcement followed the defections on Friday of several MPs to the Opposition, which is now claiming sufficient numbers to form government in its own right.

Papua New Guinea’s National Court puts Wafi-Golpu negotiations on hold pending hearing

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Discussions between Papua New Guinea government agencies and the developers of the US$9 billion Wafi-Golpu copper-gold project have been put on hold by the country’s National Court while it considers an application for leave for a judicial review. Meanwhile, work under the project’s exploration licence continues. 

Papua New Guinea’s Parliament adjourned to head off Vote of No Confidence

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Papua New Guinea’s Parliament looked set to address a motion for a Vote of No Confidence in the O’Neill-Abel Government. However, with Parliament adjourned until late May, exactly when or if a vote will take place is a matter of speculation.