Lae-based Frabelle Fishing Corporation is one of the major partners behind the Majestic Seafood venture, which opened earlier this year. But, as Frabelle’s James Johnston tells Business Advantage PNG, the company has big expansion plans of its own too.
Anyone regularly attending functions in Port Moresby will soon come across the work of event production company Blue7Team. Business Advantage PNG speaks with co-founder Naraai Banam on the challenges of running a leading services business in Papua New Guinea.
Recruitment agencies servicing Papua New Guinea say the employment of expatriates has fallen over the past year. However, as our survey of the sector suggests, there is optimism about all employment in 2014, as new ventures come on stream to replace the giant PNG LNG project.
With money finally in the bank and an experienced hand at the helm, are the fortunes of PNG’s troubled mobile phone company Bemobile about to turn? Business Advantage PNG spoke with Sundar Ramamurthy – who last week became its ninth CEO and its fourth in a year – to find out.
Corporate and residential telecommunications prices in Papua New Guinea should fall over the next year as infrastructure improves, according to senior representatives of PNG’s two leading telecommunciations companies, Telikom and Digicel.
You probably haven’t realised it, but on the ground floor of the Mutual Rumana building in Port Moresby’s Waigani suburb something inspirational is happening—and it’s not just five star food at two star prices.
Tourism operators have welcomed the government’s plan to develop Kokopo and Rabaul in East New Britain province as the country’s tourism hub. But they warn poor infrastructure and the country’s bad image overseas could prevent PNG reaping the benefits of ‘huge’ tourism potential.
Papua New Guinea’s oldest manufacturing company, Paradise Foods, is marking its 80th year of operations this year, after its humble beginnings as a small town bakery in 1933. Behind the quiet celebrations are big expansion plans, Managing Director David Peate tells Business Advantage PNG.
Papua New Guinea’s retailers and manufacturers alike reporting significant drops in revenue this year. How serious is the downturn?
The sharp fall of Papua New Guinea’s currency, the kina, over the past few months is a cause for concern, with Manufacturers Council of PNG CEO Chey Scovell describing it as a ‘real kick in the guts’ for local manufacturers.