Five things we took home from the Papua New Guinea Mining and Petroleum Investment Conference

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In spite of the recent worldwide slump in commodity prices, numbers were strong at this week’s 13th Papua New Guinea Mining and Petroleum Investment Conference in Sydney. Business Advantage PNG examines why.

In brief: PNG Ports Corporation completes Lae extension, and other business stories

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The extension project at Lae Port reaches a conclusion, PanAust feasibility study at Freida River on target, National Executive Council endorses PNG Sovereign Wealth Fund. Your weekly digest of the latest business news.

In brief: Secrecy over proposed Sovereign Wealth Fund criticised, and other business stories

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Failure to set up the Sovereign Wealth Fund criticised, Telikom undertakes ‘due diligence’ on EMTV, and a call to continue tax breaks for resource sector investors. Your weekly digest of the latest business news.

In brief: Power workers delay strike action for a week, and other business stories

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Power workers give management another week to respond to pay claims, the People’s Micro Bank to get a full banking licence, Sime Darby withdraws from takeover talks with NBPOL. Your weekly digest of the latest business news.

Central bank governor defends pegging of kina, and other business stories

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Central bank governor says economic stability dependent on kina pegging, Panguna landowners support re-opening of gold and copper mine, and 2015 Budget may be a deficit budget with ‘no significant strategic changes’. Your weekly digest of the latest business news.

In brief: National Roads Authority and Planning Minister discuss state of PNG roads, and other business stories

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National Roads Authority and Planning Minister discuss state of PNG roads, National Airports Corporation releases commercial tenders at POM, and Cue Energy puts PNG assets on market. Your weekly digest of the latest business news.

People moves: Paradise Magazine, Nationwide Microbank, Newcrest Mining, General Electric

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A new Editor for Paradise Magazine, new Directors at Nationwide Microbank, and shake-up of Newcrest Mining executive team.

In brief: Government prepares to relocate Moresby port to Motukea Island, and other business stories

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The national government prepares to buy Motukea Port from Curtain Bros, exports of LNG could double in five years and fuel prices fall. Your weekly digest of the latest business news.

In brief: O’Neill to outlaw Special Agricultural Business Leases and other business stories

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Cabinet to ban SABLs, Telikom prepares for transition to becoming a retailer, and a possible eight-year delay in upgrading Lae airport. Your weekly digest of the latest business news.

In brief: Emergency declared in Porgera over illegal mining and other business stories

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A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.