Kumul Consolidated Holdings has released the 2018—and 2019 first quarter—financial results for Papua New Guinea’s state-owned enterprises. Business Advantage PNG investigates.
Industry sectors
Small and medium enterprises (SME) in Papua New Guinea need to hone their business models and proposals to get investors. Business Advantage PNG looks at some of the ideas that the Fusion Foundation, a non-profit entity that supports entrepreneurs, proposes to help SMEs thrive.
The World Bank and the Papua New Guinea Business Council seem to agree on the areas that need strengthening to help Papua New Guinea’s economy thrive. The difference, however, is that one of them also includes the creative industries. David James compares both lists and analyses what they mean for the country and its future.
PNG Air, PNG’s second domestic airline, is about to commence a new codesharing agreement with Virgin Australia. CEO Paul Abbot updates Business Advantage PNGon the agreement and the airline’s plans for the future.
The Bank of Papua New Guinea’s Quarterly Economic Bulletin reports sales were strong in the manufacturing and transportation industries during the September quarter of 2018. But in other sectors revenues were revealed to be either patchy or poor. David James gives us an overview of these sectors.
Coca-Cola Amatil (PNG) Limited has been expanding its operations to increase capacity, including a new can processing facility in Lae. Business Advantage PNG talks Gigy Philip, PNG’s Country Manager, about the company’s plans.
Satellites are the new frontier for internet connectivity, and that’s going to benefit businesses in Papua New Guinea as the country gets serious about cloud computing, technology entrepreneur and futurist Mark Pesce tells Business Advantage PNG.
Vic Lynch is a Papua New Guinean cafe owner and barista who has built up a thriving business in Sydney, Australia, where PNG coffee is catching on.
Papua New Guinea’s sweet potato market has the opportunity to grow significantly. Researchers are working with farmers to implement new technologies that are predicted to transform sweet potato production.
Prime Minister James Marape told the 2nd Speaker’s Investment Summit in Port Moresby last week that the government would move quickly address ‘misunderstandings’ about the US$10 billion Papua LNG project.