Some of the world’s best cacao is growing in Papua New Guinea and is being increasingly used in the high-end global chocolate market. Susan Gough Henly reports on why one Australian chocolate maker uses only PNG beans.
People moves: Kina Securities; APEC Group on Forestry
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3 Feb 2016 by
Papua New Guinean to chair expert APEC forestry group
In brief: New Public Enterprises Minister to review state-owned enterprises prior to privatisation, and other business stories
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3 Feb 2016 by
Duma to review SOEs before privatisation process, Santos reported to be selling PNG LNG stake, KCH receives study on proposed 1800MW hydro dam. Your weekly digest of the latest business news.
Oil Search reviewing costs as prices fall, but Botten says Papua New Guinea gas projects will be prioritised
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3 Feb 2016 by Leave a Comment
Declining oil prices have prompted a review of Oil Search’s activities, even as production hit record levels in 2015. Nevertheless, Papua New Guinea’s largest company says it is generating positive cash-flows and will be making a priority of future investment in the PNG LNG and Papua LNG gas projects.
‘Worst period may be over’ in Papua New Guinea, says bank report
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3 Feb 2016 by Leave a Comment
In spite of a ‘challenging’ 2015 and tough market conditions, the latest Bank South Pacific analysis suggests that the ‘worst period may be over’ in Papua New Guinea. However, it is cautious about the prospects for the government’s planned US$1 billion ‘circuit breaker’ sovereign bond issue.
In brief: Papua New Guinea government suspends vegetable import ban, and other business stories
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27 Jan 2016 by
Ban imported vegetables suspended for three months, Mainland CEO calls for tougher bio security measures, and Oil Search confident, despite low oil prices. Your weekly digest of the latest business news.
Easing of rise in US dollar will offer respite to Pacific economies, says ANZ
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27 Jan 2016 by
The current rise in the US dollar is likely to flatten in 2016, offering respite to Pacific curencies, according to ANZ economists, Glenn Maguire and Eugin Lee.
Papua New Guinea lenders welcome registry of personal assets
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27 Jan 2016 by 1 Comment
The creation of a registry of personal assets to be used as loan security will boost the small business sector, according to Moses Liu, the Managing Director of the National Development Bank.
People moves: Stanley Petroleum, ANZ Bank
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27 Jan 2016 by
Stanley Petroleum appoints first woman chair, senior management changes at ANZ Bank
A beautiful culture misrepresented: discover the real Kokoda
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27 Jan 2016 by 2 Comments
Claims by the international media, and one outlet in particular, about the conditions and communities along the Kokoda Track have threatened the reputation of the tourism and trekking industry in PNG, writes Genevieve Nelson, the CEO of the Kokoda Track Foundation. An alleged incident on the Kokoda Track earlier this month is being investigated by PNG […]
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