Security situation a ‘setback’ for business in Southern Highlands Province, says Chamber of Commerce President

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Berry Mini, President of the Southern Highlands Chamber of Commerce, told Business Advantage PNG last Friday that there is an increased security presence in Mendi, particularly in front of key commercial and government buildings. The state of emergency is also affecting earthquake recovery supplies.

In brief: Possible rice agreement with the Philippines, and other business stories

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A possible rice deal with the Philippines; developments in gas sales; and landowner issues. Your weekly digest of the latest business news.

In brief: Papua New Guinea to issue Eurobond later this year, and other business stories

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A US$500 million Eurobond to be issued later this year, Government owes US$88 million to local businesses and February earthquake bill to cost five percent of government expenditure. Your weekly digest of the latest business news.

Papua New Guinea businesses donate K80 million in cash and aid for earthquake relief

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Papua New Guinea businesses have donated at least K80 million in cash and equipment to aid February’s earthquake relief program.

Earthquake to have ‘huge impact’ on Papua New Guinea economy, says Prime Minister

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Last month’s earthquake in Papua New Guinea will have a ‘huge impact’ on the economy, says Prime Minister Peter O’Neill. The death toll is rising, the extent of the destruction and disruption to services and businesses is still being assessed, and the damage to the PNG LNG project is expected to affect government revenues.

In brief: Government dispels Australia’s China fears, and other business stories

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Nothing to fear from Chinese influence, hydrocarbon discoveries, and Twinza Oil investment decisions. Your weekly digest of the latest business news.

What can Papua New Guinea business look forward to in 2018?

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As Papua New Guinea business gets back to work, Business Advantage PNG’s Andrew Wilkins looks at some of the issues coming up in 2018. With APEC coming to Port Moresby and a second LNG project in the offing, this is a year when PNG is going to be the subject of international attention.

O’Neill tells Papua New Guinea resources sector there will be no new taxes

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Papua New Guinea’s Prime Minister, Peter O’Neill, told the PNG Mining and Petroleum Conference yesterday that there would be no new taxes for the resources sector. Meanwhile, presentations by the major industry players suggest the next 12 months will be critical in determining the future growth of the sector.

Lae’s Unitech undergoes ‘cultural change’ to produce better qualified students

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Albert Schram, Vice-Chancellor of the University of Technology (Unitech) in Lae, tells Business Advantage PNG that the institution is undergoing a broad ‘cultural change’. The aim is to create closer ties with business in order to produce better qualified graduates.

Cooperation in resources sector improving Papua New Guinea’s international standing, says analyst

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Cooperation amongst the energy majors in Papua New Guinea is leading to greater efficiency and higher international standing, according to industry leaders and analysts. What is happening in PNG appears in stark contrast to recent experiences in Australia’s LNG industry.