Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets

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The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.

In brief: Dual citizenship a reality by March, and other business stories

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Dual citizenship almost a reality, Wereh outlines the impact of climate change on road design and funding, and the cost to business of family violence revealed. Your weekly digest of the latest business news.

Oil and metals in holding pattern: a monthly review of Papua New Guinea’s commodities and financial markets

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Commodities markets appear to have entered a holding pattern, with stability evident in the oil market and metals. Business Advantage PNG’s monthly overview of Papua New Guinea’s commodity and financial markets.

People moves: Kina Securities, PNG Cocoa Board, National Airports Corporation, Mainland Holdings

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Senior appointments at Kina Securities, a new Director for the PNG Cocoa Board, a new Acting Managing Director at Airports Corporation, and a new Poultry Manager at Mainland Holdings

People moves: Oil Search, Kina Securities, University of Natural Resources and Environment

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Directors retire from Oil Search board, Kina Securities appoints a new non-Executive Director, and the new Vice-Chancellor of the University of Natural Resources and Environment arrives

In brief: Maru wants Papua New Guinea-Fiji trade dispute resolved by October, and other business stories

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Trade Minister Richard Maru wants trade issues with Fiji resolved this month, UBS buys into Kina Securities, and ANZ offers debit cards in PNG.

In brief: Trade Minister says Papua New Guinea will break global trade laws with proposed rice plan, and other business stories

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Trade Minister Maru says he will recommend the government abandon its proposed rice policy, Bougainville landowners want government to hold its BCL shares, and Fiji says there are no bans on PNG imports. Your weekly digest of the latest business news.

People moves: Credit Corporation, Kina Securities, Holding Redlich

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Two directors resign from Credit Corporation, Kina Securities appoints an Executive General Manager, Wealth, and Oceanie Lawyers merges with Holding Redlic

People moves: K92 Mining, Kina Securities, ANZ Bank

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A new board at K92 Mining, Director re-elected at Kina Securities, new CFO at ANZ , Melbourne

PNG stock prices fall, but domestics add confidence

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2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.