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Papua New Guinea could provide ‘ideal locations’ for green hydrogen production: IFC

Green hydrogen has been touted as the next big move to lower carbon emissions and Papua New Guinea is well positioned to develop this resource. Devesh Singh, the International Finance Corporation’s Operations Officer (Climate & Energy) – South Asia and Pacific, tells Business Advantage PNG what green hydrogen could mean for PNG and other developing nations.
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Net gains: the new plan for Papua New Guinea’s fishing industry

Better infrastructure and a higher volume of onshore processing are the key tenets of Papua New Guinea’s new Fisheries Strategic Plan, which aims to transform the industry over the coming decade. Business Advantage PNG speaks with National Fisheries Authority Chairman Ango Wangatau to find out more.
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Cracking investment: Nambawan Super investment fuels growth at Paradise Foods

In late 2021, PNG’s largest superannuation find, Nambawan Super, increased its holding in Paradise Company Limited, owner of Paradise Foods and Laga Industries, to 100 per cent. Michael Penrose, Paradise’s CEO, tells Business Advantage PNG how the fund’s support is helping the food manufacturer expand.
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Papua New Guinea’s economy set for medium term growth: IMF

Papua New Guinea's economy has weathered the COVID pandemic well, according to the International Monetary Fund's latest Article IV assessment, completed last week. While the assessment paints an improved picture over the medium term, it flags some key reforms that PNG's government still needs to address. 
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Smiles in Suva: the 51st Pacific Islands Forum leaders’ meeting (analysis)

The Pacific Island Forum (PIF) was held last week in Suva. New faces, more journalist and the launch of the 2050 Strategy for the Blue Pacific Continent spell the success of this meeting. Dr Tess Newton Cain and journalist Stefan Armbruster analyse the meeting and what it could mean for the future of the region.
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Supply chain causing major stress for Papua New Guinea’s businesses

Global supply chain issues are having a major impact on many businesses in Papua New Guinea. Business leaders tell Business Advantage PNG that delivery delays and higher costs are causing some projects to be slowed or even postponed in key sectors. There are signs, however, that the global situation is improving.
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