Paradise Foods has celebrated 90 years in business with the release of a new flavour in its range of crackers.
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A cracker of a celebration at Paradise Foods
13 Mar 2024 by Leave a Comment
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Papua New Guinea’s growing middle class driving housing construction
13 Mar 2024 by Leave a Comment
Papua New Guinea's construction sector as a whole has returned to pre-COVID levels, driven in part by a growth in demand for housing. Business Advantage PNG looks at what's driving the trend.
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Forex, debt and governance: the IMF assesses Papua New Guinea’s progress
13 Mar 2024 by Leave a Comment
A year ago, the International Monetary Fund commenced a program in Papua New Guinea, focused on improving government debt, foreign exchange shortages and governance. Business Advantage PNG sits down with the IMF's Resident Representative in PNG, Sohrab Rafiq, to discuss progress on these three critical issues.
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Papua New Guinea faces higher fuel prices as shortages continue
29 Feb 2024 by Leave a Comment
Fuel buyers in Papua New Guinea have been warned to expect higher prices as the government negotiates with global suppliers to end shortages in the local market related to the winding back of Puma Energy's operations in the country. Meanwhile, short-term solutions are being put in place.
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‘Cautiously optimistic’: BSP CEO sees improved conditions as Papua New Guinea’s resources projects ramp up
28 Feb 2024 by Leave a Comment
How does Papua New Guinea's largest bank see the outlook for business this year? In this exclusive interview with Business Advantage PNG, BSP Financial Group's CEO Mark Robinson assesses the trends, risks and opportunities, and how factors such as foreign exchange and a devaluing kina will play a part.
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Hydro project aims to bring stability to Port Moresby’s grid
28 Feb 2024 by 1 Comment
PNG Hydro Development Company’s new Edevu Hydro project is the latest project to address the long-term investment deficit in Port Moresby’s energy grid.
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MiBank’s tech solution solves remote banking challenge in Papua New Guinea
15 Feb 2024 by Leave a Comment
How do landowner groups in remote parts of Papua New Guinea conduct their banking without the internet and without a bank branch in sight? Microfinance business MiBank has come up with an award-winning solution.
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Large-scale fabrication plant to underpin industrial park outside Papua New Guinea’s capital
14 Feb 2024 by Leave a Comment
Work has begun on Kumul Petroleum Holdings Ltd’s US$100 million steel fabrication plant just north-west of Port Moresby. In an exclusive interview, Kumul Petroleum MD Wapu Sonk outlines how the facility will boost PNG manufacturing, and anchor a new Special Economic Zone in the Caution Bay area.
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TotalEnergies zeroes in on final barriers to Papua LNG project go-ahead
14 Feb 2024 by 2 Comments
A final investment decision on the Papua LNG project remains on the agenda for this year. Managing Director of project lead TotalEnergies E&P PNG, Jean-Marc Noiray, walks Business Advantage PNG through the milestones ahead for the US$10 billion-plus gas project.
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Small wonders: smallholders behind Kongo Coffee success
12 Feb 2024 by Leave a Comment
Smallholder farms are the key to success for Papua New Guinea coffee producer, Kongo Coffee. Paul Chai reports.
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