The Papua New Guinea Government has increased its stake in mobile phone company Bemobile, following the collapse of a deal with the Fiji National Provident Fund.
Five things we learned from Papua New Guinea Advantage 2013
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12 Sep 2013 by
The annual Papua New Guinea Advantage investment summit was held this week in Port Moresby. After two days of discussions, presentations, speeches, dinners and question-and-answer sessions, here are five observations.
In brief: PM takes over Treasurer’s role, first LNG shipments ahead of schedule and Ok Tedi Mining profits plunge
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12 Mar 2014 by Leave a Comment
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
In brief: Nautilus Minerals shareholding saga unresolved and other stories
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29 Oct 2013 by
The O’Neill government seeks legal advice on the Nautilus ruling and other local and international stories.
Opinion: why Papua New Guinea and Fiji are expanding their friendship
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19 Jun 2013 by 1 Comment
A curious thing has been happening in the Pacific. Instead of running trade and investment road-shows in Australia, New Zealand or China, two Pacific Island countries have been courting investment from each other, observes Jenny Hayward-Jones.
Around the world: ‘Time’ magazine looks at sorcery killings and other international stories
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11 Jun 2013 by
Time magazine looks at PNG’s sorcery killings, the Wall street looks at ExxonMobil’s ‘PNG gas grab’, submarine cables link Tonga and Vanuatu to Fiji and new PNG investment in Samoa.
Nasfund turnaround due to improved investment performance: Tarutia
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27 Mar 2013 by
PNG’s largest superannuation fund, Nasfund, released its annual results earlier this month. Business Advantage PNG spoke with its Chief Executive Officer Ian Tarutia.
PNG and Fiji formalise closer business ties
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17 Dec 2012 by
If foreign investors have generally been wary of investing in Fiji since the 2006 coup, Papua New Guinea has been the exception. Most notably, in 2009, PNG’s Bank of South Pacific lived up to its name by acquiring Fiji’s Colonial Banking Group and has subsequently invested heavily to strengthen its local presence. A year earlier, […]
The inside view: Mainland’s recovery
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1 Sep 2012 by
Bob Hansen, appointed Mainland’s Chief Executive Officer in May 2012, provides an insight into the challenges the company is facing, and outlines a strategy to place it on a sustainable and profitable footing. Mainland has between 2000 and 2500 employees, plus we have four hundred smallholder growers on our books, and we’ve got a turnover […]
Manufacturing: Made in PNG
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1 May 2012 by 4 Comments
Papua New Guinea isn’t just a producer of mineral and agricultural commodities. As its economy grows, so does a substantial manufacturing sector. Many PNG manufacturers are undergoing strong growth and expansion. South Pacific Brewery opened its new K8.6 million (US$4.1 million) raw material warehouse in Port Moresby in September 2011, the latest step in a […]
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