In brief: Construction milestone for PNG’s tallest building, and other business news

Welcome,

Construction milestone for PNG’s tallest building,  renewed support for fisheries training and PNG launches legal action in Australia. Your weekly digest of the latest business news.

In brief: Steamships sells Laga to Paradise, and other business stories

Welcome,

Steamships sells Laga to Paradise, Credit Corp profit falls, and Papua Niugini Freezers begins exports to Solomon Islands. Your weekly digest of the latest business news.

In brief: O’Neill expects loans of US$790m to ease foreign exchange pressure this year, and other business stories

Welcome,

Prime Minister O’Neill working on loan to ease foreign exchange pressure, domestic market obligation for future LNG projects, and Western LNG project likely to be stand-alone. Your weekly digest of the latest business news.

Agmark MD outlines recipe to repair Papua New Guinea’s cocoa industry

Welcome,

Papua New Guinea’s cocoa industry could be back to its 1970s levels if it had a strong cocoa grower-based Cocoa Board, more farmer training and increased investment. That is what John Nightingale, Managing Director of Agmark, told the country’s first-ever agricultural summit, held in Port Moresby last month.

Five questions for: Boto Gaupu, CEO of the Cocoa Board of Papua New Guinea

Welcome,

Papua New Guinea’s Cocoa Board has launched a new farmers’ company to move small farmers from subsistence farming to running a small profitable business. The long-term aim of the new PNG Agriculture Company is to boost output, quality and farmer incomes, as Cocoa Board CEO Boto Gaupu explains.

Inaugural cocoa show rewards excellence in Papua New Guinea cocoa production

Welcome,

Cocoa is Papua New Guinea’s third-largest agricultural export. The inaugural Cocoa of Excellence show held recently in Kokopo focused on improving the quality of cocoa production to better meet international market requirements.

In brief: PanAust revises up its estimate of the Frieda River project, and other business news

Welcome,

Value and risk profile for Frieda River project improves, claims excess kina is resulting in more domestic investment, and corruption estimated to have cost Papua New Guinea K1.5 billion last year. Your weekly digest of the latest business news.

In Brief: Election campaign period to last eight weeks, and other business stories

Welcome,

Electoral Commissioner says campaign period will last eight weeks, Ombudsman suspends release of development funds until after the election and cocoa production back to average levels before borer struck. Your weekly digest of the latest business news.

In brief: Business leaders predict job losses, pessimistic about revenue growth in 2017, and other business news

Welcome,

‘More jobs to go’ warning if business continue to rationalise, O’Neill says $S300m loan to be used foreign exchange, Australia funding APEC 2018 to fend off China. Your weekly digest of the latest business news.

People moves: Kina Securities, PNG Cocoa Board, National Airports Corporation, Mainland Holdings

Welcome,

Senior appointments at Kina Securities, a new Director for the PNG Cocoa Board, a new Acting Managing Director at Airports Corporation, and a new Poultry Manager at Mainland Holdings