Foreign exchange the ‘number one’ concern for Papua New Guinea business, says Chamber head

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In this exclusive interview with Business Advantage PNG, Port Moresby Chamber of Commerce and Industry President Rio Fiocco, outlines the numerous challenges facing business in Papua New Guinea as 2021 gets under way.

Living with the virus: what Papua New Guinea’s ‘niupela pasin’ looks like

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The Port Moresby ‘lockdown’ is over and Prime Minister James Marape has said that Papua New Guinea will have to ‘adjust to living with COVID-19’. Eleven new measures will help show the way for business and PNG citizens alike.

People moves: Geopacific Resources, POMCCI, Newcrest, Coastal Shipowners Association

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Geopacific Resources elects a Non-Executive Director, the Port Moresby Chamber of Commerce and Industry (POMCCI) announces its Board composition for 2020 – 2021, Newcrest mining appoints a new Company Secretary.

Business chambers to Treasury: business needs your help

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As the government seeks to start disbursing the funds raised by its COVID-19 bond, the presidents of Papua New Guinea’s two largest business chambers tell Business Advantage PNG they are looking for a stimulus package ‘with teeth’.

‘On their knees’: Papua New Guinea SMEs closing daily under lockdown

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The presidents of Papua New Guinea’s two largest business chambers, in Port Moresby and Lae, outline the difficulty for business of life under lockdown, but also point to how PNG’s economy can bounce back from the current crisis.

COVID-19 arrives in Papua New Guinea: what now?

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With the first case of COVID-19 in PNG announced at the weekend, there are warnings there could be essential-item shortages and changed working conditions, but business has been preparing for its arrival.

Blast from the past: Papua New Guinea’s economy in 2020

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The year 2020 looks like being a watershed year for Papua New Guinea, with a number of transformative projects awaiting the green light and a new government seeking to implement an ambitious agenda.

Papua New Guinea’s economy needs progress on resources projects [opinion]

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Waiting for the announcement of Papua New Guinea’s next resource project is taking a toll on the economy. The President of the Port Moresby Chamber of Commerce and Industry, Rio Fiocco, shares with Business Advantange PNG what this means for businesses of every size.

A tale of two cities: why successful investment in Lae is a boost for Port Moresby

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Lae, Papua New Guinea’s second-largest city, is again emerging as a key location for investment. Far from drawing investors away from capital Port Moresby, a buoyant Lae could actually be good for both cities, say representatives from the two cities’ business chambers.

In brief: Papua New Guinea could renegotiate the terms of Papua LNG and other business stories

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Papua New Guinea’s Minister for Petroleum suggests there could be changes to the Papua LNG agreement, Prime Minister James Marape visit to Australia and Air Niugini to put a fleet replacement plan in place. Your weekly digest of business news.