In brief: US, Australia and Japan announce new infrastructure fund for the Pacific, and other business stories

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Galip nut industry taking off, Horizon Oil reports strong quarter, and two online marketplaces launched. Your weekly digest of the latest business news.

Economic update: major projects will be crucial for Papua New Guinea’s economy

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The fate of some major projects will be critical for the future of the Papua New Guinea economy over the next decade. In the second of a two-part series, Andrew Wilkins discusses the implications.

In brief: Broadening of Papua New Guinea tax base predicted, and other business stories

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Future Budgets expected to see significant tax changes, Sovereign Wealth Fund to be finalised in 2018, and PNG Air enters freight market. Your weekly digest of the latest business news.

In brief: Central bank maintains monetary policy stance, and other business stories

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BPNG’s monetary policy unchanged, Minister wants real estate industry controlled, and debit cards to double in the next 12 months.

Boosting Papua New Guinea agriculture the way out of poverty, as new dairy farm starts production

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There are compelling reasons to boost Papua New Guinea’s agriculture sector, according to two executives in Innovative Agro Industry. It can reduce reliance on imports and provide jobs to a country full of dedicated farmers.

A revitalised dairy industry aims for cheaper products on Papua New Guinea’s supermarket shelves by October

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The first of 500 cows arrive in Papua New Guinea from New Zealand this week, (25 May) as a commercial-scale dairy industry gets closer to production in Central Province. And the CEO of Innovative Agriculture Industries, Ilan Weiss, says milk products will be on local supermarket shelves by October.

In brief: Government to discuss future of Bougainville shares and other business stories

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National Executive Council to discuss future of Bougainville shares, gold production at Lihir up and Bougainville government launches a new tourism initiative. Your weekly digest of the latest business news.

In brief: Agriculture Minister says Papua New Guinea must reinvest in sector, and other business stories

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Agriculture Minister says annual investment in agriculture is just K150 million a year, call for mining sector style tax incentives for agriculture, and Leaders’ summit critically important, says O’Neill. Your weekly digest of the latest business news.

Innovative Agro aims to expand Papua New Guinea business into export market

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A year after launching a producing fruit and vegetable operation serving the domestic market around Port Moresby, agricultural developer Innovative Agro Industry is looking at opportunities to export its Papua New Guinea produce to other countries in the Asia-Pacific region.

In brief: Court refuses to hear Ok Tedi claim, and other business stories

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International court refuses to hear claim about government takeover of Ok Tedi mine, five percent aid cut to PNG and trial export of fresh vegetables to Fiji. Your weekly digest of the latest business news.   The International Court for the Settlement of Investment Disputes has declined to hear PNG Sustainable Development Program’s claims against the Government […]