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Timor-Leste open to investment in oil, gas, tourism, agriculture and fisheries, says Ambassador

9 Oct 2017 by Leave a Comment
With its longstanding dispute with Australia over the Timor Sea resolved, neighbouring Timor-Leste looks set to expand its petroleum and mineral industries. Meanwhile, its government is actively seeking investors in agriculture and fisheries, tourism and services, according to Abel Guterres, Timor-Leste Ambassador to Australia.
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Papua New Guinea should target second tier cities in China, says expert

27 Sep 2017 by Leave a Comment
To deal effectively with China it is best to target second tier cities, David Thomas, Chief Executive of Think Global Consulting, told the Business Advantage Papua New Guinea Investment Conference in Sydney. He said the country's GDP and middle class will double in the next decade, profoundly altering the world economy.
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Papua New Guinea businesses should expect APEC-related income streams from this October

20 Sep 2017 by 1 Comment
Papua New Guinea businesses should expect income streams from October, 2017, as momentum builds towards the APEC summit in November, next year. The Director-General of the PNG APEC Authority, Sir Charles Lepani, told the Business Advantage Investment Summit in Sydney, towns outside Port Moresby will also benefit.
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Kumul Telikom urgently looking to build undersea cable to Sydney, says Chairman

20 Sep 2017 by Leave a Comment
Mahesh Patel, the chairman of Kumul Telikom, told the Business Advantage Papua New Guinea Investment Conference that the newly formed entity is urgently looking to build an undersea cable to Sydney. He said the aim is to reduce wholesale price by two-thirds
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Papua New Guinea Investment Conference ‘a resounding success’

13 Sep 2017 by Leave a Comment
The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.
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European Investment Bank looking to expand in the Pacific, says regional Head

15 Aug 2017 by Leave a Comment
The European Investment Bank has received a mandate from the European Union to invest in infrastructure projects in the Pacific, including in Papua New Guinea. Head of the EIB’s Pacific Regional Office, Adam Bruun explains to Business Advantage PNG some of the priorities and operational practices of the Bank.
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Australian companies optimistic about investing in Papua New Guinea but Reserve List poses a threat, say Business Council executives

25 Jul 2017 by Leave a Comment
Australian companies are optimistic about investing in Papua New Guinea says Philip Franklin, Head of the PNG branch of the Australia Papua New Guinea Business Council (APNGBC). But Peter Taylor, President of the Council, tells Business Advantage PNG that proposed changes to the Investment Reserve List is a concern for foreign investors.
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Five questions about the Solomon Islands to the IFC’s Vsevolod Payevskiy

12 Jul 2017 by 1 Comment
The Solomon Islands' economy has a rich resource base but faces many obstacles, according to Vsevolod (Seva) Payevskiy, Country Resident Representative for the International Finance Corporation. He tells Business Advantage PNG the best options for growth are agriculture, fisheries, mining and tourism.
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Singapore emerging as a regional option for Papua New Guinea companies

4 Jul 2017 by Leave a Comment
Businesses in Papua New Guinea seeking to establish a presence in the Asian region are increasingly looking at Singapore as a stepping-stone to expand their market reach or increase their shareholder base. There is also growing interest from Singapore-based businesses looking at the PNG market.
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