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Foreign exchange shortages still biting business in Papua New Guinea

27 Oct 2022 by 1 Comment
The Bank of Papua New Guinea expects a 'windfall' from higher international commodity prices to alleviate some of the country's foreign exchange shortages. However, anecdotal evidence suggests the forex situation is actually getting worse.
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In brief: Papua New Guinea’s potential to become the Pacific’s ‘Powerhouse’ and other stories

26 Oct 2022 by Leave a Comment
Latest ANZ Pacific Report highlights Papua New Guinea's economic potential, Santos posts record production largely due to PNG and a new partnership between Paradise Foods and PHAMA Plus. Your business news in nutshell.
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In brief: New Porgera Limited close to applying for special mining lease and other stories

12 Oct 2022 by Leave a Comment
Barrick executives visit Papua New Guinea for talks about a Special Mining Lease for Porgera, PNG welcomes back cruise ships, and Department of Trade and Investment to become a 'one-stop shop' for foreign investments. Your business news in a nutshell.
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In brief: Papua New Guinea’s Treasurer meets with global rating agencies & other business stories

5 Oct 2022 by Leave a Comment
Treasurer Ian Ling-Stuckey met with two global rating agencies to talk about Papua New Guinea and its loan history, the United States pledges about K2.8 million in programs for the Pacific and Prime Minister Marape green lights the Japan Development Institute to work on a new Special Economic Zone (SEZ) Master Plan. The business news you need.
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What does Papua New Guinea business want from the new Marape government?

5 Oct 2022 by Leave a Comment
With its majority established in Parliament and its ministry appointed, Papua New Guinea's Marape government is now getting back to the business of running the country. Key business leaders tell Business Advantage PNG what they think its priorities should be.
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In brief: Wafi-Golpu agreement to contain risk funding provisions and other business stories

27 Sep 2022 by Leave a Comment
Morobe Governor says Wafi-Golpu agreement will contain risk funding provisions, internet cable breakages set to take months to fix, and superannuation fund puts pressure on government over rent arrears. The business news you need today.
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Kumul Petroleum moves to increase Papua New Guinea’s stake in PNG LNG project

27 Sep 2022 by Leave a Comment
State-owned Kumul Petroleum has made an offer to purchase a further five per cent of the PNG LNG project from Santos. The US$1.4 billion move looks set to position it to play a greater role in the future of Papua New Guinea's oil and gas sector with global LNG demand increasing.
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