Singapore company aims to recapitalise and restart Tolukuma gold mine, NPCP to contribute K450 million to Supplementary Budget, and PNG Defence Force ventures into business. Your weekly digest of the latest business news.
In brief: Tolukuma gold mine sale to lead to restart of operations, and other business stories
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14 Oct 2015 by 1 Comment
New affordable houses project in Port Moresby a model for elsewhere in Papua New Guinea
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15 Jul 2015 by 155 Comments
The construction of 100 affordable houses in Port Moresby will be the launchpad for similar projects elsewhere in Papua New Guinea, predicts Joe Webb, the Managing Director of Australian joint venture partner Amode.
In brief: Oil Search adapts to changing market conditions, and other business stories
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25 Feb 2015 by Leave a Comment
LNG focus for Oil Search, ANZ warns on debt risk, and Barrick plans to offload Porgera mine. Your weekly digest of the latest business news.
Services companies hopeful of improving mining conditions in Papua New Guinea
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4 Feb 2015 by
Services companies and contractors are often a casualty of a mining industry downturn. Business Advantage PNG talks to companies servicing the sector in Papua New Guinea about how they have coped with the downturn and the potential for a turnaround in the country.
In brief: K2 billion boost for roads and bridges, and other business stories
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27 Aug 2014 by
Japan funding K2 billion for roads and bridges, the National Executive Council prevents PNG Power from defaulting on overdraft and PanAust buys 80% share of Frieda River project. Your weekly digest of the latest business news.
The rise of PNG’s private sector
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1 May 2012 by Leave a Comment
IFC, the private sector development arm of the World Bank Group, has increased its presence in Papua New Guinea. Business Advantage talks to IFC’s Resident Representative in PNG, Carolyn Blacklock, about taking PNG’s private sector to the next level. What is the status of the IFC’s own investment portfolio in PNG? We continue to work […]
A season of healthy growth
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1 May 2012 by Leave a Comment
Farming expertise, rich soil and high rainfall are behind Papua New Guinea’s organic strength. Agriculture accounted for more than 30% of Papua New Guinea’s GDP in 2011, according to World Bank figures. The sector expanded at a moderate pace in 2011, with many cash crops responding to high international prices. PNG’s most valuable cash crops—oil […]
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