Papua New Guinean employers are bracing for a fierce battle to attract and retain skilled workers.
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Papua New Guinea’s war for talent
20 Mar 2023 by 2 Comments
Papua LNG project moves to FEED stage: what’s next?
7 Mar 2023 by 1 Comment
The TotalEnergies-led Papua LNG gas project in Papua New Guinea has officially entered its FEED [front end engineering and design] stage - the last major stage before the $US10 billion project is given a green light. We look at what happens next.
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Regulatory overhaul to turbocharge capital market growth in Papua New Guinea
3 Mar 2023 by Leave a Comment
Proposed amendments to the laws governing Papua New Guinea's capital markets aim to open up the market to more ways of raising capital and strengthen governance in the sector.
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Kumul Petroleum moves to commercialise more gas fields in Papua New Guinea
1 Mar 2023 by 2 Comments
State-owned oil and gas company Kumul Petroleum has been gradually acquiring licences to some of Papua New Guinea's smaller and ‘stranded’ gas assets. Managing Director Wapu Sonk explains the strategy behind the move to Business Advantage PNG.
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In brief: Central Bank pledges to increase monthly forex release to the market
28 Feb 2023 by Leave a Comment
The Bank of Papua New Guinea to increase monthly forex release by US$40 million, Kumul Petroleum Holdings to supply energy to Special Economic Zones, and key PNG corporates post encouraging 2022 results. Your business news in brief.
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Business-as-usual: Webuild is Lombrum Naval Base’s new head contractor
17 Feb 2023 by 1 Comment
The K146 million redevelopment of Lombrum Naval Base in Manus Province is one of the significant infrastructure projects recently acquired by Italy’s Webuild for A$39 million (K94.3 million), following mounting financial problems confronting Australian engineering and construction group, Clough.
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In brief: Papua New Guinea’s banking sector gets ready for more competition and other business stories
15 Feb 2023 by Leave a Comment
Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont's proposal to combine with Newcrest Mining. Your business news in summary.
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In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories
15 Feb 2023 by Leave a Comment
Barrick's CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG's contribution to the State. Your business news in brief.
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Bumper cocoa crop to define 2023, says key exporter
15 Feb 2023 by 1 Comment
There are expectations of a bumper cocoa crop in 2023, according to the new CEO of Papua New Guinea’s largest cocoa exporter, NGIP Agmark. However, Steven Nightingale tells Business Advantage PNG that profitability will depend on tighter control of rising costs.
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In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories
1 Feb 2023 by 1 Comment
Barrick's CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG's contribution to the State. Your business news in brief.
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