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Bank of Papua New Guinea issues new directive on forex order priorities

19 Nov 2024 by Leave a Comment
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
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Land titles in Papua New Guinea’s breadbasket ‘open gates’ to agriculture investments

19 Nov 2024 by Leave a Comment
Papua New Guinea’s Morobe Province recently issued titles to landowner groups for a small percentage of the fertile Markham Valley. Grow PNG’s David Stewart tells Business Advantage PNG that this has sparked interest from third-party investors in what could become a case study for the development of the country’s agriculture sector.
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Bank of Papua New Guinea program aims to generate funds for green projects

23 Oct 2024 by 2 Comments
The Green Finance Centre was founded this year under the aegis of the Bank of Papua New Guinea, with the aim of creating a framework to facilitate investments in areas such as renewables and climate resilience. Its head Mohinesh Prasad shared the centre’s plans and progress in a speech to the 2024 Business Advantage PNG Investment Conference.
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Islands Petroleum stepping up to help meet Papua New Guinea’s fuel supply needs

23 Oct 2024 by 1 Comment
Papua New Guinea has faced ongoing fuel supply challenges since August 2023, as a result of issues related to its largest fuel importer, Puma Energy. Islands Petroleum is one of a number of fuel companies that have ramped up capacity to help meet demand. Chief Executive Nathan Bluett says the company is now looking to grow further.
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Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

23 Oct 2024 by Leave a Comment
After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of large new investments in its resources sector. We hear from some of the key players.
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Newmont focusing on ‘value over volume’ at Lihir gold mine

9 Oct 2024 by Leave a Comment
Less than one year after acquiring Papua New Guinea’s largest gold mine, Newmont Corporation is pushing ahead with plans to increase grades and mine life at Lihir. On the eve of finishing his term as Newmont PNG Managing Director, Alwyn Pretorius took Business Advantage PNG inside the transition and shared the plans for the island mine’s future.
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What businesses need to know about ESG and responsible investment [video]

8 Oct 2024 by Leave a Comment
There is a “a wave of regulation on climate disclosure coming into effect all over the world,” including in all Papua New Guinea's major trading partners, reports Geri McMahon, KPMG Australia's Global Head of ESG, Asset Management Sector. Watch her presentation on what business needs to know from the 2024 Business Advantage PNG Investment Conference.
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