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New forex strategy promises gradual return to a floating currency in Papua New Guinea: IMF

9 May 2023 by Leave a Comment
The recent decision by the International Monetary Fund (IMF) to approve US$918 million (K3.2 billion) in new funding to Papua New Guinea is helping to fast-track a solution to the country’s chronic foreign exchange shortages. Business Advantage PNG spoke with Sohrab Rafiq, the IMF’s new PNG representative, to learn more.
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People moves: Niusky Pacific, NAC, BSP, Chamber of Mines and Petroleum, Pacific Re, Kina Bank

9 May 2023 by Leave a Comment
Niusky Pacific announces Acting Chief Executive Officer, the National Airports Corporation welcomes Acting Managing Director, BSP Financial Group appoints new Group Chief Operating Officer, the Chamber of Mines and Petroleum confirms council members for the new term, Pacific Re farewells Chief Executive Officer, and a board change at Kina Bank.
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In brief: Special Economic Zone Summit gathers expertise and other business stories

8 May 2023 by Leave a Comment
Results of Special Economic Zone (SEZ) Summit expected to help Papua New Guinea develop a new SEZ roadmap, Australia and New Zealand pledge their support to World Bank programs in the Pacific, and Bougainville Copper declares losses for 2022. 
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Latest agreement puts Wafi-Golpu copper/gold project back on track

19 Apr 2023 by 5 Comments
A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
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