Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust’s resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.
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In brief: Merger of Telikom, bmobile and DataCo under Telikom, and other business stories
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21 Feb 2017 by Leave a Comment
How Steamships is preparing for the next upturn (Part 1)
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21 Feb 2017 by Leave a Comment
Despite 2016 being ‘a relatively quiet time’, Steamships Managing Director Peter Langslow, in the first of a two part series, says his diversified company is becoming more efficient and continuing to invest in its operations in PNG in preparation for the next upturn.
What the IMF says will solve PNG’s problems
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8 Feb 2017 by Leave a Comment
The IMF’s report on Papua New Guinea has suggested that the PNG Government has responded to pressures on the budget and foreign exchange shortages. But it says that more attention should be given to the deals offered to foreign mining companies.
In brief: Further delay in start of Pacific Marine Industrial Zone, and other business stories
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31 Jan 2017 by Leave a Comment
China wants extra loan to fund PMIZ, unions concerned about housing tax on employees, Bank PNG questions accuracy of IMF economic report. Your weekly digest of the latest business news.
BSP looking to lend to growing middle class says CEO Robin Fleming
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31 Jan 2017 by Leave a Comment
Bank South Pacific has adjusted well to the slowing economy, Chief Executive Robin Fleming tells Business Advantage PNG. He says the bank is looking to lend to the growing middle class in Papua New Guinea, especially for housing.
Global demand for energy to rise but it may not mean higher prices, says expert
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31 Jan 2017 by Leave a Comment
World demand for energy will double by 2050 according to Professor Peter McCabe, Head of the Australian School of Petroleum at the University of Adelaide. But he believes more efficient recovery methods and the increasing role of renewables will keep a lid on prices.
Agility keeps NASFUND ahead in tougher investment climate says CEO Ian Tarutia
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24 Jan 2017 by 1 Comment
Superannuation company Nasfund continues to deliver positive returns to its members, Chief Executive Ian Tarutia tells Business Advantage PNG. But weak economic conditions in Papua New Guinea, foreign exchange restrictions and rising unemployment mean the organisation has to be agile.
In brief: Agriculture Minister calls for annual 10% Budget investment in sector and other business stories
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29 Nov 2016 by
Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O’Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.
InterOil ponders appeal after Canadian court upholds appeal against takeover by ExxonMobil
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14 Nov 2016 by Leave a Comment
The Chairman of InterOil, Chris Finlayson, says the company is considering an appeal to the Supreme Court of Canada after a court upheld an appeal against the US$2.5 billion (K7.9 billion) sale of InterOil to ExxonMobil. Meanwhile, the man behind the appeal, Phil Mulacek, tells Business Advantage PNG he’s open to dialogue.
In brief: Kina depreciated by 36% since 2012, Reserve Bank governor reveals, and other business stories
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26 Oct 2016 by Leave a Comment
Loi Bakani says managing a depreciating kina is ‘very difficult’, Canadian court to hear appeal against InterOil buyout, and Coffee Industry Corp steps up rehabilitation program. Your weekly digest of the latest business news.
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