Papua New Guinea’s vanilla sector success relies on education and regulation

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PNG was the second-largest global grower of vanilla last year, producing about 250 metric tonnes, but leading processor and exporter, Paradise Spices, is calling for regulation of the sector to resolve supply and quality issues. Karina Makori, the company’s General Manager tells Business Advantage PNG inflated prices have halted production of vanilla products for the past nine months.

People moves: Paradise Foods, Frabelle Fishing Corp

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A new CEO for Paradise Foods, a new General Manager at Frabelle

People moves: Paradise Foods, Bank of Papua New Guinea, KPMG, NASFUND

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Managing Director of Paradise Foods steps down, Bakani re-appointed as Central Bank Governor, KPMG appoints a new Managing Partner, four new NASFUND executives.

Paradise Foods marks 80th year with expansion plans

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Papua New Guinea’s oldest manufacturing company, Paradise Foods, is marking its 80th year of operations this year, after its humble beginnings as a small town bakery in 1933. Behind the quiet celebrations are big expansion plans, Managing Director David Peate tells Business Advantage PNG.

PNG Manufacturers look to the future

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There is no question that Papua New Guinea’s manufacturers-which account for about 9% of the country’s GDP – have been caught up in the general downturn in the country’s economy, with a combination of lower investment in the mining and petroleum sectors, lower commodity prices and a stronger currency slowing growth and reducing domestic demand.

Papua New Guinea manufacturers’ vote of confidence

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While Papua New Guinea’s economy has slowed in the past year, many of the country’s manufacturers continue to see growth as the longer-term trend, and are investing in new plant, new products and new marketing approaches.

Papua New Guinea’s home-made chocolate hits the market

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Papua New Guinea’s very own gourmet chocolate may have only been on sale for a few weeks, but its production line has already been honoured with a visit from the recent business delegation that accompanied the Thai Prime Minister.

Sector profile: Manufacturing

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The range of products manufactured in Papua New Guinea is growing all the time. The range of goods made in PNG is quite impressive. Much of PNG’s manufactured produce is aimed at a domestic consumer market that is growing so rapidly—albeit from a low base—that many local manufacturers are struggling to meet demand. Many producers […]

Competitiveness and PNG goods

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Papua New Guinea’s producers are continuing to profit from the country’s unprecedented economic boom as well as high international commodity prices, but they still face a mighty array of challenges. Made in PNG asks what factors influence the demand for PNG goods at home and overseas. You might assume that, given its low per capita […]

A taste of Paradise: the journey of PNG’s first commercial chocolate

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For over 100 years, cocoa has been a driving force behind commercial agriculture in Papua New Guinea. But until now there has been little local use of PNG cocoa; instead, large quantities have been exported. In 2011, Paradise Foods Limited embarked on a new project to process PNG-grown cocoa beans into world-class single-origin chocolate couverture, […]