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Chief Trade Adviser refutes claim that PACER Plus is a threat to Papua New Guinea manufacturing

20 Jan 2016 by Leave a Comment
The regional PACER Plus trade agreement will not pose a threat to Papua New Guinea’s manufacturing sector, but could rejuvenate it, according to Edwini Kessie, Chief Trade Adviser of the Pacific Island Countries, who spoke with Business Advantage PNG.
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Five questions for James Lau, Managing Director of R H Group

20 Jan 2016 by 3 Comments
Malaysia's diversified Rimbunan Hijab Group is a major investor in Papua New Guinea. Managing Director James Lau talks to Business Advantage PNG about the company's current construction projects, how its retail, agribusiness and forestry subsidiaries are performing, and the economic outlook for 2016.
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Power outages in Papua New Guinea’s three main grids the result of inadequate maintenance, not installed capacity: review

13 Jan 2016 by 4 Comments
An analysis of Papua New Guinea's three main power grids has revealed that inadequate maintenance of plants and the transmission lines is the primary cause of frequent power outages, according to a review conducting by London-based consultants, Economic Consulting Associates. The review also comes with some recommendations.
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Papua New Guinea business getting serious about eliminating gender violence

12 Jan 2016 by 1 Comment
There has been a significant change in attitude towards how Papua New Guinea businesses can contribute towards eliminating gender violence in the country in the past year. Business Advantage PNG looks at the innovative program being run by one of country's leading landowner companies, Anitua.
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First ‘Bougainville Bar’ chocolate goes on sale in NZ, as quality of Papua New Guinea cocoa recognised

6 Jan 2016 by 2 Comments
A new ‘Bougainville Bar’ has gone on sale in New Zealand this month, marking an increased awareness by international chocolate makers of Papua New Guinea's high quality cocoa. As Business Advantage PNG discovers, the project was made possible through a very modern form of capital raising: crowdfunding.
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Ramu 2 hydropower one of five renewable power projects to boost Papua New Guinea power generation

17 Dec 2015 by 1 Comment
The Ramu 2 Hydro Power Project is expected to increase total electricity generation capacity in Papua New Guinea by 36%, according to the Managing Director of Kumul Consolidated Holdings, Garry Hersey. It's one of five new energy projects launched recently.
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Key meeting this week to agree on Action Plan to boost major Papua New Guinea power grids

9 Dec 2015 by Leave a Comment
Hopes are high that an action plan to resolve the problems facing Papua New Guinea’s three main power grids will be endorsed at a key stakeholders’ meeting in Port Moresby this week, according to Gavin Murray, the International Finance Corporation's (IFC) Country Manager for the Pacific region.
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Restructure will see 25% reduction of Ok Tedi staff and switch to ‘fly in-fly out’ operation at Papua New Guinea mine

9 Dec 2015 by 3 Comments
PNG’s state-owned mine is undergoing a radical restructuring which will result in a 25% workforce cut and see the company move to a Fly-In, Fly-Out operation, says Managing Director and CEO, Peter Graham.
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Relief in sight for Papua New Guinea businesses wanting foreign exchange, says BSP CEO

9 Dec 2015 by Leave a Comment
There is some relief ahead for businesses struggling to access foreign exchange, according to the CEO of the country’s biggest bank, BSP. Robin Fleming says investment in the mining and petroleum sector and a new Sovereign Bond are the keys to boosting foreign exchange inflows.
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