Forty years ago this week, Sean Dorney was one of the journalists on the spot for Papua New Guinea’s declaration of Independence. He covered it for the country’s National Broadcasting Commission and later spent 17 years in PNG as an ABC correspondent. He reflects on PNG’s journey as an independent nation.
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In brief: Papua New Guinea Power fast-tracks extra machines to stabilise power in Port Moresby, and other business stories
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9 Sep 2015 by Leave a Comment
Port Moresby load shedding after shortfall in generation capacity, NRL rights deal kicks Telikom’s purchase of EMTV into touch, Eastern Highlands coffee producers may switch to robusta. Your weekly digest of the latest business news.
Woodside launches non-binding bid for Oil Search as Papua New Guinea gas attracts attention
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8 Sep 2015 by Leave a Comment
Australia’s Woodside Petroleum has launched an A$11.65 billion (K22.83 billion) offer for one of Papua New Guinea’s largest companies, Oil Search Ltd. It’s the latest in series of moves that has seen several PNG gas-related assets change hands in the past year.
Papua New Guinea Prime Minister says reforms must make up for ‘lost opportunities’
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2 Sep 2015 by Leave a Comment
PNG Prime Minister Peter O’Neill says the current wave of economic reforms are vital if the country is to be competitive and living standards rise. He spoke to Business Advantage PNG after addressing the Advantage Investment Summit in Brisbane last week.
PNG LNG project may prove to be Santos’ saviour as profit slumps 82%
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27 Aug 2015 by Leave a Comment
A founding shareholder in the PNG LNG project, Santos, says it will carry out a ‘full strategic review’ of its operations, after losing more than A$8 billion in market value in the first half of 2015.
In Brief: O’Neill urges Papua New Guinea to produce ‘more high-quality exports’, and other business stories
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12 Aug 2015 by Leave a Comment
More high-quality exports needed for PNG, new approaches will assist PNG in meeting energy demand, and Japan’s Pan Pacific expects copper recovery. Your weekly digest of the latest business news.
Ok Tedi mine closure could cost Papua New Guinea K2.7 billion
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5 Aug 2015 by 2 Comments
The El Nino weather pattern which has seen the temporary closure of the Ok Tedi mine could potentially last for up to a year, according to former senior PNG agriculture business executive, Bob Hansen, adding the loss of mining income could be as much as K2.77 billion a year.
In Brief: Papua New Guinea Budget deficit rises to 9.4% of GDP, and other business stories
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5 Aug 2015 by
Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.
LNG and tourism behind Pacific economy’s 9.9% growth, says Asian Development Bank report
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22 Jul 2015 by Leave a Comment
Pacific economies are expected to grow an average of 9.9% in 2015, as ‘positive external flows outweigh the impacts of recent disasters’, according to the Asian Development Bank’s Pacific Mid-Year Review.
In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news
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15 Jul 2015 by Leave a Comment
Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.
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