The APEC meeting in 2018 in Port Moresby will be a major boost for the country, David Toua, the President of the Business Council of PNG (BCPNG), tells Business Advantage PNG. Analysts say in the past benefits have been shown to outweigh the costs.
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Papua New Guinea has enough gas for five trains, says Kumul Petroleum MD
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1 Mar 2017 by 1 Comment
Papua New Guinea’s state petroleum company, Kumul Petroleum, sees its role in developing oil and gas projects in partnership with developers, according to Managing Director, Wapu Sonk. He tells Business Advantage PNG there is enough gas in the country for no less than five LNG trains.
Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets
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21 Feb 2017 by 1 Comment
The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
Oil and metals in holding pattern: a monthly review of Papua New Guinea’s commodities and financial markets
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24 Jan 2017 by Leave a Comment
Commodities markets appear to have entered a holding pattern, with stability evident in the oil market and metals. Business Advantage PNG’s monthly overview of Papua New Guinea’s commodity and financial markets.
What’s on the agenda for Papua New Guinea business in 2017?
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18 Jan 2017 by 2 Comments
As Papua New Guinea business gets back to work, Business Advantage PNG looks at some of the issues coming up in 2017. It looks likely to be a year of preparing for better times.
Why many Papua New Guinea companies become conglomerates
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16 Jan 2017 by Leave a Comment
Conglomerates have become rare in developed economies; the strategy of diversifying across different industry sectors tends to be punished by investors who prefer specialized players. But in Papua New Guinea industry diversification is commonly used as a way to grow.
In brief: BSP Chairman says dual listing on ASX ‘speculative’, and other Papua New Guinea business news
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14 Dec 2016 by Leave a Comment
Papua New Guinea’s largest bank considers dual listing, ADB outlook for PNG ‘positive’, and Santos restructures. Your weekly digest of the latest business news.
In brief: Trade official asks why Papua New Guinea spends K5 million annually on imported clothes, and other business stories
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22 Nov 2016 by Leave a Comment
Call for garment and textile sector to replace imported clothes, beneficiary groups intending to petition the Government over equity in PNG LNG, solar power could be the answer to Lae’s power problems. Your weekly digest of the latest business news.
In brief: Papua New Guinea ready to market sovereign bonds says Treasury Secretary, and other business stories
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2 Nov 2016 by 1 Comment
Papua New Guinea ready to seek sovereign bond funds, Air Niugini affected by economic slowdown, Qantas begins daily Brisbane-Port Moresby service. Your weekly digest of the latest business news.
Papua New Guinea’s 2017 National Budget flags business tax changes and cuts to infrastructure, education and health spending
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2 Nov 2016 by Leave a Comment
The 2017 Federal Budget announces complex changes in company taxation arrangements. Spending on infrastructure, health and education will be cut, and there are signs that funding government debt may prove increasingly challenging.
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