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.
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.
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’?
Bob Hansen, MD of major agribusiness Mainland Holdings, considers the threats and opportunities to Papua New Guinea from climate change.
The Rimbunan Hijau (PNG) Group optimistic MD, James Lau, tells Business Advantage why the group is expanding its horizons.
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.
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.
Palm oil, sugar and beef producer, New Britain Palm Oil Limited, is Papua New Guinea’s leading agribusiness, with almost 100,000 hectares under its management across several provinces. Made in PNG asked Jamie Graham, General Manager of NBPOL subsidiary Ramu Agri Industries, about the next steps for this PNG success story.
Papua New Guinea’s agricultural sector has a number of competitive advantages, including high seasonal rainfall, good quality soil and low-intensity methods. The absence of pesticides and artificial fertilisers presents opportunities for PNG to position itself as a leading organic producer.
Papua New Guinea firms are playing a key role in the Solomon Islands as investment floods in.
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