Papua New Guinea’s manufacturing sector on the rebound

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Things are looking up for Papua New Guinea’s manufacturing sector and moves are afoot to develop strategies to foster local companies. David James profiles the sector.

Subsidy changes transforming the fish processing industry in Papua New Guinea

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As part of its effort to diversify the economy, the Government has shifted to subsidising fish processing in Papua New Guinea, rather than subsidising the catching of fish. It is one of the changes occurring in the industry. Three manufacturers talk about the changes and challenges PNG’s fish processing industry is facing.

Government policies set a more optimistic mood for Papua New Guinea’s manufacturers

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The Chief Executive of the Manufacturers Council of Papua New Guinea, Chey Scovell, has given an upbeat assessment of the prospects for the manufacturing sector. He tells Business Advantage PNG that the mood, while cautious, is becoming more optimistic.

Papua New Guinea’s controversial proposed foreign investment bill to be withdrawn, say chambers

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The proposed Foreign Investment Regulatory Authority Act has been withdrawn, according to Papua New Guinea’s two largest Chambers of Commerce and Industry. They say that the Minister for Commerce & Industry, Wera Mori, would instead look to amend the Investment Promotion Act.

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.

In brief: APEC means two new public holidays likely, and other business stories

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Mooted public holidays during APEC, Budget support loans from the ADB and World Bank coming, and a new focus on monetising the okari nut. Your weekly digest of the latest business news. The National Executive Council will be discussing proposed public holidays on November 15 and 16 in Port Moresby to cater for the movements […]

In brief: Fiji lifts ban on import of Papua New Guinea food products, and other business stories

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Fiji’s trade Minister lifts ban on PNG food products, K65 million sought to contain coffee berry borer, and O’Neill warns of crackdown on companies not paying taxes. Your weekly digest of the latest business news

In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

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Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.

Foreign exchange shortages open up opportunities for Papua New Guinea’s manufacturers

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The difficulty in getting foreign exchange is making goods made in Papua New Guinea more attractive, local manufacturers tell ‘Business Advantage Boardroom’, which aired last night on national broadcaster, EMTV. But a lack of protection against cheap overseas competition remains a problem.

In brief: Agriculture Minister calls for annual 10% Budget investment in sector and other business stories

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Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O’Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.