Papua New Guinea Budget review welcomed

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The PNG Government’s decision to review the 2015 Budget has been welcomed, while another prominent economist suggests further foreign investment can be attracted by improved policy settings.

In brief: Treasury to review 2015 Papua New Guinea Budget, and other business stories

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Falling commodity prices and rating outlook drop prompts Budget review, O’Neill supports Madang marine zone and new police chief to boost numbers in Port Moresby. Your weekly digest of the latest business news.

Analysis: fall in LNG prices prompts call for Papua New Guinea mini-Budget

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The impact of the fall in LNG prices since the 2015 Budget was prepared in October last year warrants a mid-year mini-Budget, according to prominent economist Paul Flanagan.

In brief: National Petroleum Company prepares to raise investment billions, and other business stories

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National Petroleum Company to appoint a specialist debt-raising adviser for new oil and gas projects, Treasury says public debt above 35% limit and anti-corruption hotline more successful than expected. Your weekly digest of the latest business news.

People moves: Virgin Australia, Departments of Treasury and Justice, Outstanding Women Awards

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Airline chairman to step down, Senior public servants win prestigious fellowships, Westpac Outstanding Women Award winners

People moves: Ok Tedi Mining, Bemobile, Coppermoly, Nautilus Minerals and more

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Big changes at Ok Tedi Mining, the new chair at Bemobile finally takes his seat, a new exploration manager at Coppermoly and board changes at Nautilus.