People moves: CPL Group, Fresh Produce Development Agency

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New directors at City Pharmacy Group, and a new General Manager at the Fresh Produce Development Agency

Economic update: Papua New Guinea changes gear

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Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy.

Retail experience in Port Moresby broadens as Jacksons Airport takes shape

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The developing retail environment in Papua New Guinea will soon include expanded duty-free shopping at the refurbished Jacksons International Airport.

What makes brands work in Papua New Guinea?

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A recent online survey to identify Papua New Guinea’s most recognisable brands suggests that traditional marketing techniques still hold sway in PNG. But for how much longer?

CPL Group’s next phase of retail growth in Papua New Guinea

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Papua New Guinea’s largest retailer, the CPL Group, does not plan on allowing a slowdown in the marketplace get in the way of its strategy for growth, Chairman Mahesh Patel tells Business Advantage PNG.

High interest rates a hurdle for investors, says Nambawan Super, and other business stories

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Call for government to lower interest rates, inflation rises and Air Niugini reduces fuel surcharge. Your weekly digest of the latest business news.

In brief: Boost for roads and agriculture, tax review paper released, rubber production halts

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World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.

Five things we learned from Papua New Guinea Advantage 2013

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The annual Papua New Guinea Advantage investment summit was held this week in Port Moresby. After two days of discussions, presentations, speeches, dinners and question-and-answer sessions, here are five observations.

PNG stock prices fall, but domestics add confidence

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2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.

Entrepreneurs: Mahesh Patel OBE, Chairman of CPL Group

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Fresh-faced and newly-qualified, Mahesh Patel arrived in Papua New Guinea in 1984 to take up a job as a pharmacist. Almost 30 years on, he speaks with Andrew Wilkins about the building of retail and wholesale conglomerate CPL Group, one of PNG’s most dynamic companies.