The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.
The Papua New Guinea government will establish an equity fund to invest in the agriculture sector, according to Richard Maru, Minister for National Planning and Monitoring. He tells Business Advantage PNG that replacing food imports with domestic production is a priority.
Diversification of the Papua New Guinea economy is critical to maintaining economic growth according to Loi Bakani, the Governor of the Bank of Papua New Guinea. He told the PNG Investment Conference in Sydney that a particular area of concern is the high level of food imports.
Kina appoints a new brand ambassador, new KPMG partner appointed
Normal services along the Highlands Highways resume, coffee exports steady but expected to fall next year, and China approves loan for PMIZ. Your weekly digest of the latest business news.
An expanded wharf, increased tuna output, boat replacements and a new blast freezer are part of tuna processor Frabelle’s development plans. But reducing costs is also important, as Frabelle’s Melinda Ragudos tells Business Advantage PNG.
A Papua New Guinea investment company is hoping to build two solar energy projects which will turn sea water into fresh water as well as extend the life of local fresh fruit and vegetables. PBF Agro Business General Manager Jerry Kootz Simon explains to Business Advantage PNG.
Small and medium sized enterprises (SMEs) need a more supportive business environment in order to flourish and reach international markets, Millennium Water Managing Director, Achilles Peni tells Business Advantage PNG.
Employment and IR laws under review, Police Commissioner appeals for end to blockade of Highlands Highway, and new Agriculture Minister promises to pursue K20m for coffee borer repair. Your weekly digest of the latest business news.
Three women appointed to senior roles at Ok Tedi Mining, a new CEO at Digicel, a new executive at the Media Council