Net gains: the new plan for Papua New Guinea’s fishing industry

Welcome,

Better infrastructure and a higher volume of onshore processing are the key tenets of Papua New Guinea’s new Fisheries Strategic Plan, which aims to transform the industry over the coming decade. Business Advantage PNG speaks with National Fisheries Authority Chairman Ango Wangatau to find out more.

In brief: Tourists to return to Papua New Guinea

Welcome,

Tourists can now come into PNG again following a major change to Papua New Guinea’s pandemic measures, NICTA clarifies potential price reductions and licence for Feni Island project is renewed. The business news you need today.

In brief: Taking back Papua New Guinea’s forestry sector and other business stories

Welcome,

Forestry Minister unveils plans to ‘take back the forestry sector’, Minister for Fisheries says funding is needed for the Pacific Maritime Industrial Zone and the Chamber of Mines and Petroleum questions gold refinery and mint project in Papua New Guinea. The business news you need today.

In brief: Freeport to acquire assets in Papua New Guinea and other business stories

Welcome,

Potential new owner for the Yandera copper project, proposed levy for balsa wood and BSP Financial Group halts trading on the ASX amidst accusations of breaches to anti-money laundering laws. The business news in brief.

In brief: Bank South Pacific signals intention to list on ASX and other business stories

Welcome,

Bank South Pacific signals intention to achieve dual listing, National Fisheries Authority gets ready to launch its 10-year plan and Papua New Guinea says farewell to its founding father.

In brief: Coral Sea Cable wholesale internet rates to plummet and other business stories

Welcome,

New Ireland Province signs deal with Zenith to build three solar plants, inadequate water levels in the Fly River impact Ok Tedi Mining’s operations, and Bmobile and Huawei PNG sign a deal to roll out 5G in Papua New Guinea’s Port Moresby. The business news you need to kick-start your week.

Fisheries in Papua New Guinea: a sector profile

Welcome,

A profile of the fisheries sector in Papua New Guinea including markets, licenses, permits and major players.

CEO hooked on tuna

Welcome,

Being stranded for five years on Bougainville Island because of the civil conflict failed to deter Ludwig Kumoru, CEO of Parties to the Nauru Agreement (PNA), from developing a career in the fishing industry.

In Brief: Funding for the Gulf to Southern Highlands Highway missing link and other business stories

Welcome,

The Gulf to Southern Highlands Highway missing link is set to be funded under the new tax credit scheme, K56 million in royalties for forest landowners, and Geopacific Resources announces the acquisition of the remaining seven per cent of JV with Kula Gold. Your weekly digest of the latest business news.

In brief: Construction milestone for PNG’s tallest building, and other business news

Welcome,

Construction milestone for PNG’s tallest building,  renewed support for fisheries training and PNG launches legal action in Australia. Your weekly digest of the latest business news.