New agriculture tariffs put Papua New Guinean jobs at risk, says NBPOL CEO

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The timing of new tariffs affecting Papua New Guinea’s agriculture sector could not come at a worse time, according to the CEO of the country’s largest employer, New Britain Palm Oil.

Oil rebounds, LNG stabilises and palm oil up: our monthly review of Papua New Guinea’s commodities and financial markets

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The oil price has been extremely weak but the fall in LNG prices has stabilised and palm oil is up: a monthly review of Papua New Guinea’s commodities and financial markets. Business Advantage PNG’s monthly overview of commodity and financial markets.

LNG price tumbles further, while gold and cocoa rise

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Oil and gas prices both fell this month, with LNG dropping particularly sharply, while gold and cocoa are holding their own in a tough market for commodities.

The secrets behind Niugini Organics’ diversification into the domestic market

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After ten years of exporting, Niugini Organics is now selling its certified organic coconut products domestically. It has required a very different approach, co-director Dennis Hill tells Business Advantage PNG.

How New Britain Palm Oil turns sustainability into profitability

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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

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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.

In brief: Nautilus Minerals shareholding saga unresolved and other stories

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The O’Neill government seeks legal advice on the Nautilus ruling and other local and international stories.

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

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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’

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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

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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.