Starting from scratch in 1997, R D Tuna Canners has lead the way towards value-adding in PNG’s fisheries sector, turning a greenfield site in Madang into one of the region’s major sources of canned tuna.
Posts by Business Advantage PNG
There is no question that Papua New Guinea’s manufacturers-which account for about 9% of the country’s GDP – have been caught up in the general downturn in the country’s economy, with a combination of lower investment in the mining and petroleum sectors, lower commodity prices and a stronger currency slowing growth and reducing domestic demand.
2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.
PanAust Managing Director stepping down, new board members at Rio Tonto and IndoChine and other senior appointments.
In the second and final part of his exclusive interview with Business Advantage PNG, ExxonMobil PNG Managing Director Peter Graham considers the flow-on benefits of the PNG LNG project and ExxonMobil’s future in PNG. Plus, what’s going to happen to the project’s 14,700 workers?
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
Dataco board chair and MD appointments, a retirement at Ela Motors and a new Chief Operating Officer for Harmony Gold.
Moves to reserve small businesses for locals, Court rescinds orders preventing Ok Tedi from dumping waste and BSP records 11% profit increase. Your digest of the week’s business news.
The jockeying for positions in what could be Papua New Guinea’s second liquefied natural gas project has taken a surprising turn, with Oil Search purchasing Pac LNG’s holding in the Elk and Antelope gas fields in Gulf Province.
The newly-upgraded Crossroads Transit Hotel aims to address a shortage of hotel rooms in Lae, Morobe Province.