In brief: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories

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PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.

In brief: Santos rejects takeover bid as ‘opportunistic’, and other business stories

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Wealthy royal families’ bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.

In Brief: O’Neill urges Papua New Guinea to produce ‘more high-quality exports’, and other business stories

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More high-quality exports needed for PNG, new approaches will assist PNG in meeting energy demand, and Japan’s Pan Pacific expects copper recovery. Your weekly digest of the latest business news.

In Brief: Papua New Guinea Budget deficit rises to 9.4% of GDP, and other business stories

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Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.

In brief: Sovereign Wealth Fund & Corruption Commission legislation before parliament, and other business news

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Proposed Sovereign Wealth Fund reaches third reading stage, Air Niugini ‘on track’ for 50% sell-off, and second LNG plant to create 10,000 jobs. Your weekly digest of the latest business news.

In brief: Business endorses new Papua New Guinea police chief, and other business stories

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Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.

Record Budget and higher deficit feature in 2015 Papua New Guinea Budget forecasts

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The Papua New Guinea Treasurer Patrick Pruaitch has presented a record K16 billion national budget for 2015, but with an increased deficit of K2.272 billion.

The quotable 2014 Papua New Guinea Advantage Investment & Infrastructure Summit

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The Papua New Guinea Advantage Investment and Infrastructure Summit was held in Port Moresby this week. Over two days, delegates heard about Port Moresby becoming ‘the Dubai of the Pacific’, tax incentives in the 2015 Budget and how to develop relationships with Chinese business. Here are some highlights.

In brief: National Development Bank under-funded and other local and international stories

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National Development Bank under-funded, Indochine Mining makes loss and PM flags constitutional reform and more stories in brief.

Interview: Papua New Guineans need to become active participants in the economy, says Sir Nagora Bogan

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More than 400 delegates attended the inaugural SME Summit in Madang earlier this month. PNG’s Indigenous Business Council President Sir Nagora Bogan explains what will be required to encourage more Papua New Guineans to start their own small and medium-size enterprises.