How New Britain Palm Oil turns sustainability into profitability

Welcome,

New Britain Palm Oil has turned its philosophy of sustainable production into profits, according to Ian Orrell, Group Head of Sustainability. Speaking at the Business Advantage PNG Investment Conference in Brisbane, he warned of the need to improve the palm oil industry’s global reputation.

In brief: Low inflows of foreign currency affecting Papua New Guinea businesses, and other business stories

Welcome,

PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.

Don’t panic: agricultural markets will weather the global storm

Welcome,

Commodities prices have been sold off heavily over the past week on worries that the global economy will slow. What does this mean for Papua New Guinea’s agricultural producers?

Kulim’s half-billion kina bid for New Britain Palm Oil ‘positive’

Welcome,

Market reaction to the proposed move to make New Britain Palm Oil Limited (NBPOL) a subsidiary of Malaysian company Kulim (Malaysia) Berhad has been generally positive, although one observer questions why PNG-based investors aren’t taking advantage of the fall in NBPOL’s share price.

Solomon Islands’ GDP down, but growth still strong

Welcome,

Although gross domestic product (GDP) growth halved last year in the Solomon Islands, the Central Bank of the Solomon Islands’ (CBSI) 2012 annual report, released last week, makes encouraging reading.

Around the world: Sri Lanka praises PNG/Visa talks with Gillard/3rd palm oil investor/Takeover Oil Search/Disruptive technologies

Welcome,

Sri Lanka praises PNG for not criticising CHOGM venue, PNG’s PM to raise visa issue with Gillard later this week, a 3rd Malaysian company considers investing in PNG’s palm oil industry, a call for Woodside to take over Oil Search and what on earth are ‘disruptive technologies’?

How climate change will affect Papua New Guinea

Welcome,

Bob Hansen, MD of major agribusiness Mainland Holdings, considers the threats and opportunities to Papua New Guinea from climate change.

Interview: James Lau, Managing Director, Rimbunan Hijau (PNG) Group.

Welcome,

The Rimbunan Hijau (PNG) Group optimistic MD, James Lau, tells Business Advantage why the group is expanding its horizons.

New Britain Palm Oil’s award: what does it mean?

Welcome,

Papua New Guinea’s New Britain Palm Oil Ltd (NBPOL) has been to be ranked as Sector Leader in Agricultural Products in the 2012 Forest Footprint Disclosure (FFD) Annual Review. The award places NBPOL alongside major international companies such as British Airways, L’Oreal, Marks and Spencer and Sainsbury’s Supermarkets, which are named as leaders in their […]

Spotlight: Focus on palm oil

Welcome,

Palm oil production has the potential to play a major role in economic development of Papua New Guinea. Industry development now underway in PNG shows that the returns on investment for local communities involved in palm oil plantations or smallholder systems can be high. This is particularly important for PNG, where over 80% of the […]