New K500 million plan to boost Papua New Guinea’s coffee industry

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Papua New Guinea’s coffee industry has failed to reach its full potential, but a new plan aims to fix that.

In brief: tariffs, fees and levies hurting agriculture and other business stories

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NBPOL claims tariffs, fees and levies are hurting agriculture, SMEs to benefit from government’s stimulus and government owes over K1 billion to businesses. The business news you need to kickstart your week.

In brief: World Bank anticipates drop in exports for Papua New Guinea and other business stories

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The World Bank predicts lower export revenue for Papua New Guinea, fuel prices set to fall, and retailer appeals for calm. The business news you need to kickstart your week. 

Oil strong, LNG falls but palm oil jumps sharply [commodities]

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Oil and palm oil prices have strengthened but LNG continues to fall. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.

In brief: Papua New Guinea may face its largest budget deficit to date and other business stories

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Papua New Guinea’s Minister for Treasury finds the national budget in a ‘much more fragile situation’, K12 billion in unbanked money circulating, and poor regulations may be affecting SMEs. Your weekly digest of business news.

Papua New Guinea’s coffee industry should focus on more profitable niches

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The coffee industry in Papua New Guinea is dealing with unusually low prices and poor production levels but there are significant opportunities, especially in commodity and speciality coffees. That was the view of speakers at the 2019 National Coffee Industry Symposium in Port Moresby.

In Brief: Concern about changes to investment laws and other business stories

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Business concern about Papua New Guinea’s new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.

Coffee Industry Corporation proposes new 10-year plan to arrest industry decline

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Papua New Guinea’s Coffee Industry Corporation is working on a new 10-year strategy. Steven Tumae, General Manager of Industry and Operations at the CIC tells Business Advantage PNG that the new strategy is necessary to address problems in what is a deteriorating industry sector.

In brief: Trump pulls out of APEC, and other business news

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Trump pulls out of APEC, China Navigation knocked back, and PNG on the verge of entering international capital markets. Your digest of the latest business news.

In Brief: Borrowing from China to upgrade roads, and other business stories

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Negotiating to upgrade roads, using aid for development, and refunds to domestic fishing companies. Your weekly digest of the latest business news.