In brief: LNG overtakes gold as top export and other Papua New Guinea news

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LNG overtakes gold as PNG’s top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.

Lae Nadzab Airport commercial area prepares for take off

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New land has been made available at Lae Nadzab Airport for growth of a supporting commercial business sector.

Five questions for … Michael Kingston of K K Kingston

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Lae-based plastics, chemicals and consumer products manufacturer K K Kingston anticipates a productive 2014 after returning to its core business in 2013. Business Advantage PNG caught up with Michael Kingston, its General Manager.

Frabelle plans expansion beyond tuna processing

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Lae-based Frabelle Fishing Corporation is one of the major partners behind the Majestic Seafood venture, which opened earlier this year. But, as Frabelle’s James Johnston tells Business Advantage PNG, the company has big expansion plans of its own too.

Majestic opening starts fish cannery boost for Lae

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Lae is set to become the South Pacific’s main fish processing centre, with the opening of one massive new cannery this week, the commencement of construction for another, with more on the drawing board.

Opinion: Fixing Papua New Guinea’s law and order problem

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Law and order is back on the agenda, with this week’s National Haus Krai on violence against women, Australia reactivating its assistance to the PNG’s police and the Government committing itself to heavier punishments for some key offences. But solving PNG’s law and order problems will require much more, says Alan McLay.

Four-lane airport highway in Lae gets go-ahead

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Work to upgrade 40-kilometre stretch of road between the port of Lae and Nadzab Airport into a four-lane highway is expected to begin in June 2013, according to the Lae Chamber of Commerce and Industry.

Lae runs out of land

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‘There is no more state-owned land left in Lae city,’ Morobe Province Administrator Kemasang Tomala told a World Vision meeting in Lae last week, according to The National.

ADB sounds note of caution on Lae port

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The long-awaited project to expand Lae’s port is ‘ahead of schedule’, according to the Asian Development Bank’s Vice President (Operations 2) Stephen Groff, who visited Papua New Guinea last week to inspect progress. The Lae port contractor, China Harbour Engineering, is expected to complete the project—70% of which is financed by ADB loans—by the end […]

Twenty-five years of Nestlé in PNG

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2012 marks 25 years of successful manufacturing in Papua New Guinea for global food giant, Nestlé. Nestlé is one of the world’s leading food and nutrition companies, employing more than 330,000 people worldwide and with more than 460 factories across 83 countries. From its humble beginnings in PNG in the late 1970s, Nestlé operations have […]