The creation and now the production of the LNG plant highlights the next major challenge facing Papua New Guinea: How to grow the non-mining sectors. Economist Dan Gay says the key is to grow the domestic economy, and the internet and service industries.
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Opinion: Boosting the domestic economy is the key to increasing Papua New Guinea growth
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13 Aug 2014 by 1 Comment
Program firms up for Papua New Guinea Advantage Summit
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13 Aug 2014 by
September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.
Creating jobs is the challenge in Papua New Guinea, says Asian Development Bank
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9 Jul 2014 by Leave a Comment
One of the biggest economic and social challenges facing the PNG government is jobs growth for its rapidly growing workforce in a post-LNG construction economy, according to the Asian Development Bank’s latest report card.
Analysis: boosting confidence in economic policies crucial for Papua New Guinea government
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2 Jul 2014 by Leave a Comment
The rapidly weakening kina, deficit spending and the financing of government debt is piling pressure on the Papua New Guinea government to boost economic confidence. Economist Dr Mark Evans considers some of the issues facing both government and business.
In brief: Papua New Guinea Treasurer says banks’ kina trading range too high and other stories
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25 Jun 2014 by
Banks trading ‘well and above’ preferred kina rate, minister wants business contracts under K10 million to be reserved for Papua New Guineans, and Bakani says reserves will last seven months. Your weekly digest of the latest business news.
InterOil gets cashed up for more Papua New Guinea exploration
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18 Jun 2014 by Leave a Comment
InterOil Corporation has finalised a US$300 million loan, which it will use to explore the Eastern Papua Basin of Papua New Guinea.
Real estate demand still strong in Papua New Guinea despite fall in rental costs
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29 May 2014 by 1 Comment
Commercial real estate activity in Port Moresby and Lae remains strong despite a fall in demand for executive rentals associated with the winding down of the six-year construction phase of the ExxonMobil-led LNG PNG project.
8 things we took home from the Australia-Papua New Guinea Business Forum
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22 May 2014 by Leave a Comment
Business Advantage PNG attended this week’s two-day Australia – Papua New Guinea Business Forum in Cairns. Here are some of our take-home observations from the annual event, which next year will take place in Lae, Morobe Province.
LNG gives Oil Search Limited a strong cashflow for next 20 years: Botten
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21 May 2014 by Leave a Comment
With shipments of gas from the PNG LNG project under way, Business Advantage PNG talks exclusively to Peter Botten, CEO of venture partner Oil Search Limited, about the future of Papua New Guinea’s largest company and hydrocarbons in PNG.
In brief: First LNG shipment on board ship this week and other business stories
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15 May 2014 by Leave a Comment
First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.
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