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New gold bill threatens economic sovereignty, chamber fears
Papua New Guinea’s National Gold Corporation Bill 2022 is stirring significant concern within the country’s mining sector and the larger economy, as it threatens to establish a gold monopoly that could have disastrous consequences, warns the PNG Chamber of Resources...
Australia Awards propel Papua New Guineans towards aviation excellence
In a concerted effort to uplift the skills and expertise within Papua New Guinea’s aviation sector, Australia Awards has been instrumental in empowering over 1,400 Papua New Guineans since 2011 to pursue extensive studies in Australia. Among these beneficiaries is...
Economist identifies key challenges for economic growth in PNG, Pacific
In a recent business meeting in Lae, Papua New Guinea, Westpac economist Justin Smirk highlighted six key challenges hampering Papua New Guinea’s economy and businesses. These issues include a shortage of expertise and skills, foreign exchange concerns, security...
Fiji, Papua New Guinea bolster economic ties
Fiji and Papua New Guinea convened a pivotal meeting during the 2024 Melanesian Spearhead Group (MSG) Budget Foreign Ministers Meeting in Port Vila, Vanuatu recently, in a move toward bolstering economic cooperation,. The meeting, attended by Papua New Guinea’s...
APNGBC Business Forum is the gateway to growth in PNG
The 39th Australia Papua New Guinea Business Forum and Trade Expo is set to bring together senior business and government representatives in an atmosphere away from the usual grind of daily business. Registrations are open for the event, which is to be held on Mon...
Business Councils’ Executive engages with Australian Government in Canberra
A delegation comprising seventeen members of the Australia Pacific Business Council, the Australia Fiji Business Council and the Australia Papua New Guinea Business Councils’ Senior Executive and other executive committee members embarked on a significant visit to...
Business Councils’ Executive engages with Australian Government in Canberra
A delegation comprising seventeen members of the Australia Pacific Business Council, the Australia Fiji Business Council and the Australia Papua New Guinea Business Councils’ Senior Executive and other executive committee members embarked on a significant visit to...
APIBC welcomes Australian Ambassador to Micronesia
The Australia Pacific Islands Business Council (APIBC) organised a roundtable discussion while welcoming Australia’s new Ambassador to the Federated States of Micronesia, Ms Jenny Grant-Curnow. Hosted at the offices of leading global firm Dentons’ Brisbane offices on...
Business Council Executive engages with Australian Government in Canberra
A delegation comprising seventeen members of the Australia Pacific Business Council, the Australia Fiji Business Council and the Australia Papua New Guinea Business Councils’ Senior Executive and other executive committee members embarked on a significant visit to...
Report highlights education investment as key to Pacific economic growth
The World Bank’s latest Pacific Economic Update underscores the imperative for investment in education to sustain economic momentum amidst projected deceleration in growth across Pacific island countries. According to the report, growth in the region slowed to an...
Opportunity for Investors as Fiji Sugar Corporation plans land utilisation
In a strategic move to revitalise its operations, the Fiji Sugar Corporation (FSC) is offering an opportunity for joint venture participation or outright sale of approximately 1000 acres of its land, presenting a lucrative investment prospect for investors. Following...
FCCC rejects EFL’s tariff hike over renewable energy concerns
The Fijian Competition and Consumer Commission (FCCC) has delivered a decisive blow to Energy Fiji Limited’s (EFL) bid for an electricity tariff increase, highlighting significant concerns regarding the proposal’s implications for consumers and the nation’s renewable...
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