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In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories
In brief: BCL talks about re-opening Panguna, investors confident in PNG despite low global energy prices, and other business stories #PNG
Bougainville CopperĀ talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and more improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.
Bougainville Copper Limited (BCL), under a new regime, is keen on re-opening the Panguna mine with promises of more equitable sharing ofā¦
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#Bima#Bougainville Copper Limited#Kina Securities#Kumul Petroleum#NASFUND#National Airports Corporation#SABLs Trukai Industries
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Over 3,000 Attend Papua New Guineaās First Real Estate Show
Papua New Guineaās first ever real estate show -The 2017 PNG Real Estate Show ā organized by Hausples.com.pg, welcomed an influx of over 3000 local and international visitors on the 3rd and 4th of November- hosted at the Sir John Guise Indoor Complex. Over 30 businesses in the real estate industry showcased their services to property renters, buyers and potential investors over the two days.
The aim of Hausples.com.pg in organizing The 2017 PNG Real Estate Show, was to bring as many stakeholders of Papua New Guineaās real estate industry together into one easily accessible forum. The company further aimed to provide an opportunity for the general public to learn about the real estate market as a whole in Papua New Guinea and any current and prospective changes taking place.
The event included a wide range of exhibitors from the real estate industry; from real estate agents such as Century 21 Siule Real Estate, The Professionals and Strickland Real Estate, financial institutions such as Bank of South Pacific (BSP), and superannuation companies including Nambawan Super Limited, and National Superannuation Fund (NASFUND).
In addition, PNG Forest Products, Rhodes Builders,Inc and the China Railway Group Limited, showcased a variety of different housing models which could be adopted by home buyers when looking at the construction phase of their new home. Home furnishing businesses; Brian Bell Group and FairPrice Furniture also exhibited their in-house furniture options; ranging from sofas to white ware -and other furnishing necessities.
Guest speakers from across the industry delivered speeches over the two days, including topics such as; āLegal implications of apartment development and strata titlesā, delivered by Mr John Leahy of Leahy Lewin Lowing Sullivan Lawyers, āPrivate sector perspective of addressing affordable housingā, by Kym Young, Director of Edai Town, and Ms. Linda Garo of Transpacific Assurance Limited, addressed common questions surrounding home insurance.
Mr Tom Snelling, General Manager of Hausples.com.pg, believed these speeches at the show were important: āEducation surrounding the property market is sorely lacking in Papua New Guinea and we believe including speakers about relevant topics in the real estate industry was a major draw card. Attendees gave positive feedback on speakers and we have some excellent suggestions for speakers for the next show.ā
Mr Snelling, reflecting on the show a whole believes the show was considered a success by attendees: āWeāve actually surveyed attendees and over 1,000 have taken the time to respond,ā Mr. Snelling continued: ā93% of respondents said that they enjoyed, and received value from the show. Moreover, 85% said they wanted to see more exhibitors at the 2018 Show.ā Over 60% of attendees enquired about the purchasing property at the show- with a majority of those expressing an interest to purchase property in the immediate future, according to Mr Snelling.
This sentiment was also confirmed by feedback from exhibitors: āWe are proud to report that over 90% of exhibitors said that the show delivered on their expectations, whether it be generating leads or awareness of their product.ā Mr Snelling stated.
Mr Snelling has confirmed the return of the PNG Real Estate Show in 2018: āThe show will be back- bigger and better than ever in 2018ā. He explained that the date will likely be around mid-year 2018, and arrangements have already taken place to ensure 30% additional space will be available at the venue ā for further exhibitors to take part in the show.
Official Media Partners for the event were Bank South Pacific;Trans Pacific Assurance Limited; The National; Pascoe Group: Marketing & Brand Specialists Click TV PNG; Guys Official; Advantage PNG Audio & Photography; Skerah Papua New Guinea; LightSpeed Internet.
from ronnykblair digest http://hausples.com.pg/3000-attend-papua-new-guineas-first-real-estate-show/
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Papua New Guinea Investment Conference 'a resounding success'
Papua New Guinea Investment Conference 'a resounding success' #PNG
The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nationās potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the countryāsāand the Pacific regionāsāgreat untapped potential emerged.
Futurist Mark Pesce addresses the 2017ā¦
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#Air Niugini#Anitua#Business Advantage International#Highlands Pacific#International SOS#Melanesian Trustee Services#Nambawan Super#NASFUND#Oil Search Ltd#PacWealth#SP Brewery
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In brief: Tenders out for Highlands Highway upgrade, and other business stories
In brief: ADB to loan K3.19 for Highlands Highway upgrade, and other business stories #PNG
Government puts out tenders for theĀ first part of a K3 billion Highlands Highway upgrade, demand for foreign currency falls, and reports that 31 per cent of log exports are from illegal SABLs. Your weekly digest of the latest business news.
TheĀ Government has secured a K3.19 billion loan from the Asian Development Bank to upgrade and maintain the Highlands Highway. Works and Implementationā¦
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#Bank of Papua New Guinea#Highlands Highway#NASFUND#National Research Institute#Poultry Industry Association#Sovereign Wealth Fund
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In brief: PanAust revises up its estimate of the Frieda River project, and other business news
In brief: PanAust revises up its estimate of the Frieda River project, and other business news #PNG
Value and risk profile for Frieda River project improves, claims excess kina is resulting in more domestic investment, and corruption estimated to have cost Papua New Guinea K1.5 billion last year. Your weekly digest of the latest business news.
PanAustĀ has updated its estimate of the Frieda River copper/gold project, reportingĀ the economic value and risk profile for the project āhas beenā¦
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People moves: Paradise Foods, Bank of Papua New Guinea, KPMG, NASFUND
People moves: Bank of Papua New Guinea, KPMG, NASFUND #PNG
Managing Director of Paradise Foods steps down, Bakani re-appointed as Central Bank Governor, KPMG appoints a new Managing Partner, four new NASFUND executives. The Managing Director of Paradise Foods, David Peate, has stepped down after servingĀ 45 years with the company. The Chief Financial Officer, Michael Shields, has been appointedĀ interim CEO. He joined Paradise in September, 2016, afterā¦
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People moves: NASFUND, Australian Consul-General for Lae, EMTV, NZ High Commissioner, Japan's Ambassador leaves, Port Moresby General Hospital, Porgera Chamber of Commerce and Industry, Geopacific Resources #PNG NASFUND's new Chairman, Australia appoints Consul-General in Lae, EMTV loses CEO, a new NZ High Commissioner, Japan's Ambassador leaves, new Port Moresby General Hospital CEO, inaugural chairman of Porgera Chamber of Commerce, new board member at Geopacific Resources.
#Australian High Commission#EMTV#Geopacific Resources#Japan#NASFUND#New Zealand#Porgera Chamber of Commerce and Industry#Port Moresby General Hospital
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Why modernising Papua New Guinea's bond markets may help solve the foreign exchange crisis
Why modernising Papua New Guinea's bond markets may help solve the foreign exchange crisis #PNG
TheĀ shortage of foreign exchange isĀ āan issue based on supply and demand,ā says the Governor of the Bank of Papua New Guinea, Loi Bakani. One way to increase demand for a nationās financial assetsĀ is to deepen itsĀ bond markets. Business Advantage PNGĀ considers some options.
PNG has a current account surplus but financial account deficit Source: Bank of PNGās Economic Outlook
A possible first stepā¦
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Papua New Guinea's economy under pressure but fighting back
Papua New Guinea's economy under pressure but fighting back #PNG
Global and domestic factors have combined to slow Papua New Guineaās economy. However, as Andrew Wilkins discovers, the Pacific nationās business leaders are still confident about its future prospects. Parliament Haus Ā Source: Business Advantage PNG The Pacificās largest economy is still in a hiatus, and the slump has been more prolonged than many expected. GDP growth is expected to be modest inā¦
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#CPL Group#economy#Kumul Consolidated#Mineral Resources Authority#NASFUND#png chamber of mines and petroleum#PNG LNG project#RH Group
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People moves: Ok Tedi Mine, PNG Rubber Board, PNGRFL, and more #PNG A new MD for Ok Tedi Mining, appointees to the new PNG Rubber Board, an acting CEO for the PNGRFL and others appointmentsā¦
#Asian Development Bank#Coppermoly#InterOil Corporation#NASFUND#NES Global Talent#OK Tedi Mine#PNG Rubber Board#PNG Rugby Football League#singapore power
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People moves: NASFUND, Steamships, PanAust #PNG New senior appointments at NASFUND, a new director at Steamships, and a new Managing Director at PanAustā¦
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