Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.
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In brief: Salini-Impregilo to develop Papua New Guinea’s biggest hydro project, and other business stories
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29 Apr 2015 by
Economic update: Papua New Guinea changes gear
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28 Apr 2015 by 7 Comments
Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy.
Papua New Guineans demand higher quality food and more variety as incomes rise
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22 Apr 2015 by 2 Comments
A rising middle-class in Papua New Guinea is seeing the emergence of a wider variety of food and beverage businesses, particularly in Port Moresby. It also reflects, say food specialists, an increasing demand for high quality food products in PNG.
Steamships’ new chief in Papua New Guinea keeps powder dry for coming challenges and opportunities
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15 Apr 2015 by Leave a Comment
The next 12 months or so is a time to digest and consolidate, says Peter Langslow, the incoming head of one of Papua New Guinea’s largest and oldest companies, Steamships Trading Company. He told Business Advantage PNG, however, it is also a time to prepare for fresh opportunities.
Papua New Guinea agriculture benefitting from lower commodity prices, says Asian Development Bank economist
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8 Apr 2015 by Leave a Comment
The Asian Development Bank’s departing Papua New Guinea economist, Aaron Batten, says agriculture is the big winner with the current downturn in commodity prices, while its Country Director Marcelo Minc flags further bank investment in PNG.
Bank of Papua New Guinea Governor justifies moves on kina; warns of deficit challenge
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1 Apr 2015 by Leave a Comment
The Governor of the Bank of Papua New Guinea says his recent directives on dealing in the kina are not meant to frighten or scare the market, but to help address the imbalance in the foreign exchange market and restore order.
Papua New Guinea Business Council members concerned at lack of foreign currency
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24 Mar 2015 by 1 Comment
The President of the Australia–Papua New Guinea Business Council says his members have expressed concern to Prime Minister they are unable to source enough foreign currency.
CPL Group’s next phase of retail growth in Papua New Guinea
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12 Mar 2015 by 6 Comments
Papua New Guinea’s largest retailer, the CPL Group, does not plan on allowing a slowdown in the marketplace get in the way of its strategy for growth, Chairman Mahesh Patel tells Business Advantage PNG.
Opinion: How Papua New Guinea can lessen the impact of falling energy prices
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11 Mar 2015 by Leave a Comment
Progress in fostering economic and social development is threatened by the recent drop in global energy prices. Paul Barker provides practical ways to minimise the impact of the downturn.
Accountability the key to success of Papua New Guinea’s Sovereign Wealth Fund
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25 Feb 2015 by Leave a Comment
Papua New Guinea’s Parliament is likely to approve establishing the long-awaited Sovereign Wealth Fund by June, after unanimously voting for its enactment at its first reading last week.
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