The lessons we learned from Papua New Guinea’s last boom

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Papua New Guinea is on the verge of stronger growth after a number of quiet years. Michael Kingston, Chief Executive of diversified manufacturer K K Kingston, shares with Business Advantage PNG the lessons he learned from the country’s last boom.

Why many Papua New Guinea companies become conglomerates

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Conglomerates have become rare in developed economies; the strategy of diversifying across different industry sectors tends to be punished by investors who prefer specialized players. But in Papua New Guinea industry diversification is commonly used as a way to grow.

Putting people first in Papua New Guinea business: the human resources challenge

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Managing human resources is always one of the principle challenges in business. In Papua New Guinea, the approaches have to be specific to the local culture and expectations of workers. Business Advantage PNG looks at some of the different ways that the issue is tackled.

Survival of Papua New Guinea industry threatened unless greater protection, say business figures

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There is a growing call for greater protection of Papua New Guinea industry to respond to allegedly unfair international competition. A number of manufacturers tell Business Advantage PNG that most countries have used protectionism to foster their domestic industries and it is time for PNG to do the same.

Opinion: it is necessary to protect Papua New Guinea’s industries, says Michael Kingston

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Papua New Guinea’s industries need to be protected if the nation is to proceed on the path to full industrialisation, says economist Michael Kingston, Chief Executive of manufacturer KK Kingston. He believes PNG can learn from Asia’s record.

Manufacturers survey: adapting to tougher economic conditions

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Papua New Guinea’s manufacturers experienced difficult conditions in 2015 and many are concerned that things will get worse before they get better. David James talks to some of the key figures from the sector to find out how they are coping with the tough market conditions.

K K Kingston sees opportunities in tough times

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Economic conditions in Papua New Guinea may be challenging but Michael Kingston, Chief Executive of diversified manufacturer K K Kingston, tells Business Advantage PNG that the company’s diversified operations give it some strategic options. He also says a weaker exchange rate may also open up opportunities.

Third stage of minimum wage increase for Papua New Guinea workers effective from July

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The minimum wage in PNG will rise to K3.50 an hour from 1 July, from the current rate of K3.36.