There are expectations of a bumper cocoa crop in 2023, according to the new CEO of Papua New Guinea’s largest cocoa exporter, NGIP Agmark. However, Steven Nightingale tells Business Advantage PNG that profitability will depend on tighter control of rising costs.
In brief: Wafi-Golpu agreement to contain risk funding provisions and other business stories
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27 Sep 2022 by Leave a Comment
Morobe Governor says Wafi-Golpu agreement will contain risk funding provisions, internet cable breakages set to take months to fix, and superannuation fund puts pressure on government over rent arrears. The business news you need today.
In brief: record profits for Nasfund despite challenging year in Papua New Guinea
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30 Mar 2022 by Leave a Comment
Nasfund reports record profits and all-time highs in its annual report, Nambawan Super launches two new products and announces positive results for 2021, and the ICCC revokes its authorisation for PNG Air–Link PNG deal. The business news you need today.
Sweet as can be: a buzzing future for Papua New Guinea apiculture
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16 Mar 2022 by Leave a Comment
Helping Hand Honey Producers, Papua New Guinea’s second largest honey producer, has long-term goals to increase honey production to meet rising demand and also export. Founder and Managing Director Kelly Inae talks to Business Advantage PNG.
Local produce: Papua New Guinea’s delicious prospects
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31 Jan 2022 by Leave a Comment
COVID-19 has taught us to think and act local. Food producers in Papua New Guinea are benefitting from a trend that appears here to stay.
Financing a green, resilient and inclusive recovery [opinion]
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14 Sep 2021 by Leave a Comment
Alfonso Garcia Mora, Vice-President Asia and Pacific for the International Finance Corporation (IFC), a member of the World Bank Group, outlines some of the development challenges Papua New Guinea faces today and how the IFC is supporting private sector investment to address them.
In brief: Papua New Guinea SOEs’ tax debt close to K700 million and other business stories
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4 Aug 2021 by 1 Comment
The Internal Revenue Commission’s potential plans for state-owned enterprises debt to be repaid, Fiji welcomes Kina Bank, and Link PNG’s proposed acquisition of PNG Air rejected again. The business news you need to know today.
How Papua New Guinea can boost its coffee production [analysis]
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1 Jul 2021 by 1 Comment
Papua New Guinea has the potential to become one of the top coffee producers in the world. Deputy Director of the National Research Institute, Eugene Ezebilo, explores what other countries have done to boost their coffee production and how these strategies could be implemented in PNG.
Working cooperatively the key to improve Papua New Guinea’s cocoa exports
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31 May 2021 by Leave a Comment
Getting produce to market is one of the biggest constraints on Papua New Guinea’s cocoa industry, according to the Chief Operating Officer of leading cocoa exporter, NGIP Agmark. Steven Nightingale says his company is developing a model that is helping to improve the situation.
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