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Opinion: Change to Takeovers Code may discourage foreign investment in Papua New Guinea

30 Oct 2013 by 1 Comment
Trade Minister, Richard Maru, has amended Papua New Guinea’s takeover code, introducing a new national interest test for anyone acquiring shares in PNG companies. The law firms who represented Kulim (Malaysia) Berhad in its recent failed bid for New Britain Palm Oil say the lack of definition about what is ‘the national interest’ will discourage foreign investment in PNG and PNG companies.
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Opinion: why Papua New Guinea and Fiji are expanding their friendship

19 Jun 2013 by 1 Comment
A curious thing has been happening in the Pacific. Instead of running trade and investment road-shows in Australia, New Zealand or China, two Pacific Island countries have been courting investment from each other, observes Jenny Hayward-Jones.
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Papua New Guinea Sustainable Development Program at turning point: Sir Mekere’s speech

6 Jun 2013 by Leave a Comment
Papua New Guinea Sustainable Development Program Limited has been under heavy political pressure to relinquish is majority ownership of PNG's largest mine, Ok Tedi. In this speech, delivered at the announcement of the company's 2012 annual report this week, PNGSDP Chairman Sir Mekere Morauta appears to concede the loss of Ok Tedi, arguing for a sale on fair terms, and ponders both the future of PNG's largest mine, and his own organisation.
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Opinion: Fixing Papua New Guinea’s law and order problem

15 May 2013 by Leave a Comment
Law and order is back on the agenda, with this week’s National Haus Krai on violence against women, Australia reactivating its assistance to the PNG's police and the Government committing itself to heavier punishments for some key offences. But solving PNG’s law and order problems will require much more, says Alan McLay.
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Economic update: our annual snapshot of Papua New Guinea’s economy

16 Apr 2013 by
Papua New Guinea enters 2013 with a new government in place, a major gas project nearing completion and some ambitious development goals, reports Business Advantage PNG's Andrew Wilkins.
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