Cocoa Board of PNG

Oil Search back trading on PNGX, new wholesale internet prices coming and ambitions plans for PNG’s cocoa industry. Your latest summary of the business news you need to know.

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.

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.

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.

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.

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.

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.

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.

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.

‘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.