News

Unrest poses threat to investment in Papua New Guinea says report

An increase in the number of protests, blockades, and inter-clan rivalry in Papua New Guinea poses 'downside risks' to Papua New Guinea's economic growth recovery, according to a report by BMI Research, a subsidiary of the Fitch Ratings Agency. It warns it could lead to delays or cancellations of investment projects.
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Lack of import controls harming Papua New Guinea’s fishing industry says Fishing Industry Association’s Celso

Papua New Guinea’s fishing industry faces fierce competition from Thailand and the Philippines, says Pete Celso, Managing Director of R D Tuna Canneries in Lae. He believes a lack of control over imports is harming the local industry.
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In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.
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‘Unshackled’ Bougainville Copper reveals strategy for re-opening Panguna mine on Bougainville

If the giant Panguna copper mine on Bougainville is ever to re-open, many complex problems must be solved, including the status of the former miner, Bougainville Copper Limited (BCL). In this exclusive interview with Business Advantage PNG, BCL Chairman Rob Burns outlines its strategy to return to mining.
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In brief: BSP considers ASX listing, and other business stories

Bank South Pacific explores secondary listing on Australian Exchange, Highlands Pacific considers selling stake in Frieda River project and strategy to counter coffee berry borer due this week. Your weekly digest of the latest business news.
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How rural women can become Papua New Guinea’s agribusiness entrepreneurs

Women in rural Papua New Guinea are keen to engage in agribusiness but many have traditionally struggled to take leadership roles. That is beginning to change, Curtin University researcher Dr Gina Koczberski tells Business Advantage PNG.
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