Diversification of the Papua New Guinea economy is critical to maintaining economic growth according to Loi Bakani, the Governor of the Bank of Papua New Guinea. He told the PNG Investment Conference in Sydney that a particular area of concern is the high level of food imports.
An expanded wharf, increased tuna output, boat replacements and a new blast freezer are part of tuna processor Frabelle’s development plans. But reducing costs is also important, as Frabelle’s Melinda Ragudos tells Business Advantage PNG.
A Papua New Guinea investment company is hoping to build two solar energy projects which will turn sea water into fresh water as well as extend the life of local fresh fruit and vegetables. PBF Agro Business General Manager Jerry Kootz Simon explains to Business Advantage PNG.
Small and medium sized enterprises (SMEs) need a more supportive business environment in order to flourish and reach international markets, Millennium Water Managing Director, Achilles Peni tells Business Advantage PNG.
The kina is more than 20 per cent overvalued, according to Marcel Schroder, a lecturer in economics at the Development Policy Centre in the Australian National University (ANU), speaking to a joint University of Papua New Guinea/ANU event in Port Moresby. One option is to introduce a dual exchange rate for a limited time.
The difficulty in finding authentic Papua New Guinea-made gifts for friends and colleagues overseas prompted Annette Sete to create her own fashion jewellery line. Two years on, she tells Business Advantage PNG her Lavagirl brand is looking to expand overseas.
Oil prices have weakened, but copper has had an upwards run. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Forestry and timber company PNG Forest Products is expanding its diversification program as it prepares to build a fourth hydro power station. CEO Tony Honey tells Business Advantage PNG that its plan to build timber bridges and decking for export and domestic clients is also starting to get traction.
The Chief Executive and Founder of real estate portal Hausples, Matthew Care, explains to Business Advantage PNG that the company is set to take advantage of higher rates of internet usage in Papua New Guinea. He expects rates of urbanisation to increase.
A Sydney-based company is looking to provide a ‘better deal’ for Papua New Guinea coffee farmers, and hopes to develop markets in Australia, the US and China. But to do that, says Principal Pana Wiya, he needs a capital backer.