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APEC on track despite frictions over regional trade says Executive Director Bollard

9 Oct 2018 by Leave a Comment
Preparations for the APEC  Leaders Week are going well, according to Alan Bollard, Executive Director of the APEC Secretariat. He tells Business Advantage PNG that the policy work is paying off and the logistical preparations are sound, but there are some tensions over trade.
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Papua New Guinea PM O’Neill looks for lasting policy legacy from APEC

2 Oct 2018 by Leave a Comment
In the second half of his exclusive conversation with Business Advantage PNG's Andrew Wilkins, the Prime Minister Peter O'Neill says the policies developed at the APEC Leaders meeting will have a lasting impact on the country. He says APEC marks a unique opportunity to market PNG as an investment destination.
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Digicel executive outlines ‘aggressive’ plans to take advantage of new cable link

25 Sep 2018 by Leave a Comment
The Regional Director of Digicel Pacific, Paul Statham, says the company has 'aggressive' plans to expand its offerings when the submarine fibre cable from Australia to Papua New Guinea is built. He says these innovations will especially benefit business.
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Papua New Guinea PM Peter O’Neill says deals on resources projects will be fair to all stakeholders

25 Sep 2018 by 2 Comments
In an interview with Business Advantage PNG's Andrew Wilkins, the Prime Minister Peter O'Neill says he is looking for deals in LNG and mining projects that will benefit all parties. In the first of a two part series, O'Neill says his government is investing to diversify the economy.
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ADB’s Papua New Guinea head reveals more details of the Highlands Highway upgrade

19 Sep 2018 by 1 Comment
The Asian Development Bank will start redeveloping the entire Highlands Highway simultaneously rather than doing it in sections, according to David Hill, Country Director for the ADB. He outlined the ADB's focus on improving both physical and digital connectivity in Papua New Guinea.
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The key factor Papua New Guinea’s banks and super funds look for before they will invest in your business

11 Sep 2018 by Leave a Comment
To get investment into Papua New Guinea businesses, sound governance is essential. That was the view expressed by super fund managers, bankers and advisers at Business Advantage's Investment conference in Brisbane.
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Wages stagnating in Papua New Guinea according to salary survey

5 Sep 2018 by Leave a Comment
A recent salary survey has identified the need for investment in local talent to support better outcomes for the country’s professionals and organisations. The 2018/19 Papua New Guinea Salary Survey Report by human resources consultancy Peopleconnexion PNG surveyed professionals across the country about salaries and attitudes at work.
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Six per cent of GDP required to maintain Papua New Guinea’s infrastructure

4 Sep 2018 by Leave a Comment
Papua New Guinea requires about 6 per cent of its GDP to maintain its infrastructure assets, according to Craig Lawrence, Principal at Lytton Advisory. He told the Business Advantage Investment Conference in Brisbane that the ‘build and neglect’ approach is twice as expensive as ongoing maintenance.
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Diving resort on Papua New Guinea’s Loloata Island set for early opening in 2019

4 Sep 2018 by 2 Comments
A completely redeveloped Loloata Island Resort, just out of Port Moresby, is scheduled to open in February or March of 2019, according to Lew Nielsen, Director of the resort. The signature tourism project is a joint venture of Lamana Development and NASFUND.
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Super fund executives outline their investment strategies

28 Aug 2018 by Leave a Comment
How do Papua New Guinea’s two largest super funds, Nambawan Super and NASFUND, make investment decisions on behalf of their members? Two senior executives provide their investment guidelines, which have led both funds to perform well in difficult economic conditions.
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