Less than a decade after its economy lay in ruins, the Solomon Islands is in remarkably good shape.
Posts by Business Advantage PNG
Sugar, beef and oil palm are the three platforms on which Papua New Guinea agricultural company, Ramu Agri Industries (RAI) is based. Expansion is planned for all three, following the company’s September 2008 acquisition by New Britain Palm Oil Limited (NBPOL).
The forestry industry in Papua New Guinea has bounced back since the global financial crisis. Our two biggest markets remain Australia for sawn and processed products and China for round logs.
Australian chocolatier Dean Morgan of Zokoko is one of an increasing number of gourmet chocolate makers discovering that the fine cocoa flavour of Papua New Guinean cocoa makes excellent gourmet chocolate.
Paradise Foods Limited is Papua New Guinea’s oldest established food manufacturer, with operations dating back to the early 1930s.
Papua New Guinea’s produce and products continue to find new markets overseas.
With mobile phone use now widespread in PNG, the country’s largest bank is aiming to bring financial services to the ‘unbanked’ in PNG’s rural areas for the first time—an initiative that is expected to drive small business development.
Skills shortages are widespread in PNG, and likely to get worse in the short to medium term.
With PNG expected to grow faster than China in 2011, Business Advantage examines just who is investing in PNG and in what sectors, and asks where the best opportunities lie in the future.
PNG’s current economic upturn has involved a notable increase in foreign direct investment from Asia.