Papua New Guinea’s cocoa industry is recovering from the pest, but the cocoa pod borer (CPB) still presents a major challenge and is unlikely ever to be fully eradicated, Cocoa Board of PNG project manager John Moxon tells Business Advantage PNG.
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It has been a long voyage, but Canada-listed copper-gold explorer Nautilus Minerals is on track to commence deep-sea mining operations at its Solwara 1 deposit in the Bismarck Sea, off Papua New Guinea. Business Advantage PNG talks exclusively to CEO Mike Johnston about the project.
Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.
Trade, Commerce and Industry Minister Richard Maru says he is compiling a reserve list of businesses that may only be owned and operated by PNG nationals. While Maru has given no timeline for the reintroduction of the Reserve List, he says existing businesses will be bought out at the current value.
Air Niugini’s new Operations Manager in Solomon Islands, Cabinet to appoint a new Chairman of PNG Power, a new Acting Secretary for Petroleum and Energy
LNG overtakes gold as PNG’s top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.
Papua New Guinea’s transformational PNG LNG project has been exporting gas to Asian markets since 2014. But what’s next for the project and its developer, ExxonMobil? Business Advantage PNG speaks with Andrew Barry, the Managing Director of ExxonMobil PNG Limited, to find out.
Although many parts of the country are returning to normal, the Papua New Guinea drought is continuing to affect both its formal and informal economies. Business Advantage PNG receives an update on the situation from agricultural expert, Dr Mike Bourke.
A new paper by experienced Pacific journalist Sean Dorney argues passionately for a re-think of Australia’s relationship with Papua New Guinea. As its title suggests, The Embarrassed Colonialist paints a portrait of a country that hasn’t quite worked out how to engage with his nearest neighbour.
Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.