Papua New Guinea’s coffee industry needs to capitalise on the growing global demand for coffee, industry exporters and promoters tell Business Advantage PNG. They believe production improvements are essential to ensuring consistent quality.
Industry sectors
Times are undoubtedly tough in Papua New Guinea’s mining and petroleum sector, but as the industry prepares for its biennial conference in Sydney in December, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG there are still ‘bright stars’ to get excited about.
The security market in Papua New Guinea is one of the country’s largest industries. Brian Kelly, Chief Executive of Black Swan International tells Business Advantage International that to manage staff effectively there needs to be some special management approaches.
While market conditions continue to challenge junior mining companies working in Papua New Guinea, some small mining companies such as Gold Mountain and Frontier Resources are experiencing encouraging results from their exploration programs in the country.
While a consultancy’s report has shown that internet costs in Papua New Guinea are amongst the highest in the world, prices are falling. Encouragingly, an agreement announced this week could see internet costs fall even further.
Reinvesting earnings and paying attention to the core customers has enabled engineering and industrial suppler Bishops to ride out the peaks and troughs of the Papua New Guinea economy. General Manager Len Pianta explains to Business Advantage PNG how the company has taken a long term view.
Perseverance and execution are the keys to being a successful businessperson, according to Panu Kasar, one of the 12 finalists in the Kumul Gamechangers Competition, which is designed to ‘bring to life’ ideas from the private sector. He explains his ideas to Business Advantage PNG.
The downturn in the Papua New Guinea economy has put pressure on the shipping sector. But Jamie Sharp, Chief Executive of coastal shipping company Bismark Maritime tells Business Advantage International that the market is flattening out.
The holding company for Papua New Guinea’s state-owned enterprises, Kumul Consolidated Holdings, is making its first foray into agriculture, establishing a joint venture in East Sepik Province with Israel’s L R Group.
The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.