Kumul Consolidated Holdings establishes agriculture joint venture in East Sepik

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The holding company for Papua New Guinea’s state-owned enterprises, Kumul Consolidated Holdings, is making its first foray into agriculture, establishing a joint venture in East Sepik Province with Israel’s L R Group.

In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news

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Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.

In brief: Government considers lift in minimum wage and other business stories

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Cabinet considers a rise in the minimum wage, Australia to involve private sector in aid delivery, and Oil Search expects huge annual cashflow from LNG plant. Your weekly digest of the latest business news.

Israeli expertise boosting Papua New Guinea’s fresh food independence

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An Israeli-backed and developed fruit and vegetable farm is delivering international standard produce for the domestic market in Papua New Guinea.