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PM signs Papua New Guinea Electrification Partnership with Australia, US, Japan and US

21 Nov 2018 by Leave a Comment
The Prime Minister Peter O’Neill has signed the Papua New Guinea Electrification Partnership with Australia, Japan, the United States and New Zealand, whose aim is to provide power to 70 per cent of the country’s population by 2030. Currently, only 13 per cent of PNG’s population has reliable access to electricity.
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Hilton Hotel opening in Port Moresby a ‘key story’ for Papua New Guinea says MD

13 Nov 2018 by 1 Comment
All eyes this week are on Port Moresby in general and the capital's new Hilton Hotel in particular. Business Advantage PNG takes a look at the site that will host the APEC Leaders' Gala Dinner and Cultural Performance.
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Australia announces A$3 billion Pacific Infrastructure Bank package

13 Nov 2018 by 4 Comments
The Australian Government has announced plans to set up an infrastructure bank as part of a A$3 billion suite of measures aimed at countering China’s influence in the southwest Pacific and lifting its own engagement in the region. Regional analysts say the funds need to go to Micro, Small to Medium Enterprises (MSMEs), as well as SMEs, and for small projects in remote areas.
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Identifying digital opportunities Papua New Guinea’s focus during APEC, says Executive Director

7 Nov 2018 by Leave a Comment
The Executive Director of APEC, Alan Bollard tells Business Advantage PNG that finding digital solutions that suit Papua New Guinea has been a focus of APEC discussions. Trust and integrity will be key factors in implementation.
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Coffee Industry Corporation proposes new 10-year plan to arrest industry decline

30 Oct 2018 by 4 Comments
Papua New Guinea's Coffee Industry Corporation is working on a new 10-year strategy. Steven Tumae, General Manager of Industry and Operations at the CIC tells Business Advantage PNG that the new strategy is necessary to address problems in what is a deteriorating industry sector.
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How New Britain Palm Oil turns sustainability into profitability

23 Oct 2018 by Leave a Comment
New Britain Palm Oil has turned its philosophy of sustainable production into profits, according to Ian Orrell, Group Head of Sustainability. Speaking at the Business Advantage PNG Investment Conference in Brisbane, he warned of the need to improve the palm oil industry's global reputation.
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Boosting digital economy key to developing Papua New Guinea’s MSMEs, entrepreneurs tell APEC forum

23 Oct 2018 by 1 Comment
The development of micro and small and medium sized businesses (MSMEs) in Papua New Guinea requires innovation, cheaper internet access, embracing a digital economy and creating hubs for sharing ideas, entrepreneurs told an APEC discussion forum in Lae. They say without these elements the government’s goal of creating 500,000 SMEs by 2030 will not happen.
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