Despite its potential, the Papua New Guinea music industry is doing it tough. Music producers and promoters say it’s been in ‘massive decline’ for the last seven years, and without new laws and government support, that decline will continue.
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September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.
The International Finance Corporation (IFC) has negotiated an additional US$50 million in funding for the Bank of South Pacific, to expand its financing and promote private sector growth.
A new player is preparing to enter Papua New Guinea’s palm oil industry, after Malaysian conglomerate Sime Darby was selected as the preferred bidder for Kulim Malaysia’s shares in PNG’s largest agribusiness, New Britain Palm Oil (NBPOL). What do analysts think of the move?
Next year, the Papua New Guinea economy will boast the biggest growth in the world. Rowan Callick looks at what political leaders and policymakers must do to take advantage of the country’s talent and opportunities.
Two respected trade and industry leaders have urged the government to boost investment in agriculture and non-mining sectors, warning a failure to act soon could induce ‘the dreaded Dutch Disease’.
With a new port, a new hospital and plans to redevelop Nadzab Airport, things are looking up for Lae, Papua New Guinea’s second-largest city. However, says Alan McLay, these developments highlight a shortage of land, and a need for more effective town planning.
Indonesia is the only country with which Papua New Guinea has a land border. This week, it elected a new President. So, just who is Joko Widodo, and what kind of neighbour will Indonesia be under his leadership? Business Advantage PNG’s Jakarta correspondent reports.
Worried about the impact of the new minimum wage? The agriculture sector and struggling businesses can apply to pay less than the latest increase, according to analysis provided to Business Advantage PNG by KPMG’s Port Moresby office.
Papua New Guinea’s largest sugar grower, Ramu Agri Industries, is adding value to its sugar harvest with new products. Business Advantage PNG spoke to General Manager Jamie Graham about its production of spirits and ethanol.