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Spotlight: The sweet taste of success

1 May 2011 by Leave a Comment
Australian chocolatier Dean Morgan of Zokoko is one of an increasing number of gourmet chocolate makers discovering that the fine cocoa flavour of Papua New Guinean cocoa makes excellent gourmet chocolate. Dean Morgan’s search for PNG cocoa started with a call to Pacific Islands Trade and Invest to source coffee beans for his coffee roasting […]
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The inside view: Alan McLay

1 May 2011 by Leave a Comment
Lae Chamber of Commerce and Industry President Alan McLay provides a personal view of Papua New Guinea’s agricultural potential. While mineral and gas production are travelling very well at the moment, it has long been realised that agriculture is the real future of Papua New Guinea. Before mining, agriculture provided PNG’s economic backbone, initially with […]
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Case study: PNG’s largest food company

1 May 2011 by 1 Comment
Paradise Foods Limited is Papua New Guinea’s oldest established food manufacturer, with operations dating back to the early 1930s. Formerly known as Arnott Biscuits (PNG) and owned by US company Campbells Soups, it was purchased in 2007 by local superannuation funds Nambawan Super and Comrade Trustee Services Limited and re-named Paradise Foods. The 100% PNG-owned […]
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Spotlight: Making the most of the beans

1 May 2011 by Leave a Comment
Robert Hamilton-Jones talks to one of the founders of Jasper Coffee, which roasts and packages gourmet Papua New Guinean coffee. About three years ago, I stumbled upon an attractively packaged coffee in my local deli in Geelong, Australia. It was of PNG origin, although it was actually roasted and packaged in Australia by Jasper Coffee. […]
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Selling PNG’s produce to the world

1 May 2011 by 2 Comments
Papua New Guinea’s produce and products continue to find new markets overseas. Currently, the vast bulk of PNG’s exports are raw or part-processed commodities such as coffee, cocoa, palm oil and timber, although there is an increased emphasis on value-adding prior to export. The way to market differs depending on the produce. Commodity exports PNG […]
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Banking services reach Papua New Guinea’s rural population

1 May 2011 by Leave a Comment
With mobile phone use now widespread in PNG, the country’s largest bank is aiming to bring financial services to the ‘unbanked’ in PNG’s rural areas for the first time—an initiative that is expected to drive small business development. PNG-based Bank South Pacific (BSP), the Pacific’s largest bank, will this year ramp up its rural banking […]
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Key human resources considerations in Papua New Guinea

1 May 2011 by Leave a Comment
1. Skills Skills shortages are widespread in PNG, and likely to get worse in the short to medium term. As one expat manager told us: ‘If you have a trade in PNG, you are basically guaranteed a job.’ Larger firms are often obliged to source expats from overseas for specialised or highly skilled roles. Leadership […]
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The changing face of investment in Papua New Guinea

1 May 2011 by Leave a Comment
With PNG expected to grow faster than China in 2011, Business Advantage examines just who is investing in PNG and in what sectors, and asks where the best opportunities lie in the future. ‘We’re at the start of a very long term growth period—the outlook long-term is extraordinary,’ says Rod Mitchell, the joint-CEO of PNG […]
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Papua New Guinea looks north for investors

1 May 2011 by 1 Comment
PNG’s current economic upturn has involved a notable increase in foreign direct investment from Asia. Most prominently, the Ramu Nickel project represents China’s first major investment in PNG, but there has also been major investment in forestry, fisheries and retail. Malaysia for one has a range of substantial interests in sectors ranging from agribusiness and […]
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Key investment organisations in Papua New Guinea

1 May 2011 by Leave a Comment
Two organisations worth knowing about if you’re looking to invest in Papua New Guinea. Investment Promotion Authority (www.ipa.gov.pg) The IPA is the first point of contact for any potential investor considering doing business in PNG. Not only is the IPA responsible for promoting PNG as a business and investment destination, including the facilitation of trade visits, […]
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