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.
A new online survey by Business Advantage PNG to identify Papua New Guinea’s most recognisable local brands suggests that there are four stand out companies. So, what makes brands ‘stick’ with consumers?
Papua New Guinea is a ‘low risk’ country for foreign investors, according to John Leahy, President of the Papua New Guinea Chamber of Commerce and Industry. But he tells Business Advantage PNG that it is important to prepare thoroughly in order to be a successful investor.
A survey of human resources in Papua New Guinea has found that the country could make big gains by using its people better. But there are significant skill shortages, especially in management and the professions.
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.