A new player is preparing to enter Papua New Guinea’s palm oil industry, after Malaysian conglomerate Sime Darby was selected as the preferred bidder for Kulim Malaysia’s shares in PNG’s largest agribusiness, New Britain Palm Oil (NBPOL). What do analysts think of the move?
Two respected trade and industry leaders have urged the government to boost investment in agriculture and non-mining sectors, warning a failure to act soon could induce ‘the dreaded Dutch Disease’.
One of the biggest economic and social challenges facing the PNG government is jobs growth for its rapidly growing workforce in a post-LNG construction economy, according to the Asian Development Bank’s latest report card.
Developing Papua New Guinea’s national infrastructure will be a key focus of the major business event taking place in Papua New Guinea this year: the 2014 Papua New Advantage Investment and Infrastructure Summit.
Business Advantage International and the Port Moresby Chamber of Commerce and Industry have announced that the 4th Papua New Guinea Advantage investment summit will take place at the Gateway Hotel, Port Moresby, on 9 and 10 September 2014.
The Bougainville government has established an investment bureau to attract national and international businesses to the province.
2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.
The new Chief Executive Officer of Papua New Guinea’s largest superannuation fund has hit the ground running. Business Advantage PNG met up with Garry Tunstall to discover his plans for Nambawan Super.
Government ministers and influential economic analysts have welcomed the recent fall in the value of the kina, saying it will boost demand for exports.
The great untapped investment area in Papua New Guinea is infrastructure, according to Syd Yates, Executive Director of investment fund Kina Asset Management Limited (KAML).