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.

People moves: Credit Corporation, Coffee Industry Corporation

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A new CEO at Credit Corporation, a new Chairman at the Coffee Industry Corporation.

In brief: Highlands Highway re-opens after a month-long blockade, and other business stories

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Normal services along the Highlands Highways resume, coffee exports steady but expected to fall next year, and China approves loan for PMIZ. Your weekly digest of the latest business news.

How selling coffee is saving Papua New Guinea’s tree kangaroos

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The interests of commerce and environmentalism are being aligned on Papua New Guinea’s Huon Peninsula. Local villagers have become involved in saving tree kangaroos by growing coffee and selling it into the United States.

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

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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.