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Economic integration not exploitation, says Papua New Guinea’s Treasurer

30 Oct 2018 by 1 Comment
Papua New Guinea’s Treasurer Charles Abel says Papua New Guinea needs to take a staged approach to integration with the global economy in order to avoid being taken advantage of. Speaking at an APEC discussion forum at the University of PNG, he said recent experience suggests the nation’s foreign exchange markets may be too open.
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Coffee Industry Corporation proposes new 10-year plan to arrest industry decline

30 Oct 2018 by 5 Comments
Papua New Guinea's Coffee Industry Corporation is working on a new 10-year strategy. Steven Tumae, General Manager of Industry and Operations at the CIC tells Business Advantage PNG that the new strategy is necessary to address problems in what is a deteriorating industry sector.
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Boosting digital economy key to developing Papua New Guinea’s MSMEs, entrepreneurs tell APEC forum

23 Oct 2018 by 2 Comments
The development of micro and small and medium sized businesses (MSMEs) in Papua New Guinea requires innovation, cheaper internet access, embracing a digital economy and creating hubs for sharing ideas, entrepreneurs told an APEC discussion forum in Lae. They say without these elements the government’s goal of creating 500,000 SMEs by 2030 will not happen.
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IFC to issue Papua New Guinea’s first AAA-rated domestic bond to deepen financial markets

23 Oct 2018 by Leave a Comment
Following the successful launch of Papua New Guinea's first sovereign bond, the International Finance Corporation is intending to issue a AAA bond as part of its efforts to deepen the financial markets in Papua New Guinea. John Vivian, IFC’s Resident Representative for Papua New Guinea, tells Business Advantage PNG that it can also assist corporate funding.
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Five questions to Sir Charles Lepani, Director General of APEC 2018

22 Oct 2018 by 1 Comment
In a little over three weeks, Papua New Guinea will host the annual APEC Economic Leaders Meeting, when 21 world leaders and 10,000 delegates including 2,000 media organisations arrive in Port Moresby. The Director-General of the APEC 2018 Coordinating Authority, Sir Charles Lepani, tells Business Advantage PNG he is confident of a lasting legacy.
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ABAC identifies Papua New Guinea’s fisheries as outstanding growth area

16 Oct 2018 by Leave a Comment
Papua New Guinea has significant opportunities for employment and foreign exchange from its fisheries, but only if it can develop the necessary policies and infrastructure. That was the conclusion from meetings of the APEC Business Advisory Council (ABAC).
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US-China trade war creating uncertainty in forestry sector, says Papua New Guinea Forest Industry Association

16 Oct 2018 by Leave a Comment
The forestry sector is keeping a close eye on the US-China trade war, which has created uncertainty in the market, according to Bob Tate, Executive Director of the Papua New Guinea Forestry Industry Association. He told Business Advantage PNG China remains PNG’s dominant export market.
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