Subsidy changes transforming the fish processing industry in Papua New Guinea

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As part of its effort to diversify the economy, the Government has shifted to subsidising fish processing in Papua New Guinea, rather than subsidising the catching of fish. It is one of the changes occurring in the industry. Three manufacturers talk about the changes and challenges PNG’s fish processing industry is facing.

Price of fish is biggest manufacturing challenge, says RD Tuna GM

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Managing volatility in the price of fish is R D Tuna Canners’ biggest manufacturing challenge, according to General Manager Erwin Ortiz. He tells Business Advantage PNG that the company intends to increase its storage capacity as part of its strategy to deal with price fluctuations.

People moves: National Executive Council, Bank South Pacific, Nambawan Super, RD Tuna Canners, Fuji Xerox, Remington Technology

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Nine new vice-Ministers appointed to the NEC, a new director at Bank South Pacific, a new CEO at Nambawan Super, an acting General Manager at RD Tuna Canners, and new General Managers at Fuji Xerox and Remington Technology

Lack of import controls harming Papua New Guinea’s fishing industry says Fishing Industry Association’s Celso

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Papua New Guinea’s fishing industry faces fierce competition from Thailand and the Philippines, says Pete Celso, Managing Director of R D Tuna Canneries in Lae. He believes a lack of control over imports is harming the local industry.

Manufacturers survey: adapting to tougher economic conditions

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Papua New Guinea’s manufacturers experienced difficult conditions in 2015 and many are concerned that things will get worse before they get better. David James talks to some of the key figures from the sector to find out how they are coping with the tough market conditions.

In brief: Mining resumes at the Porgera gold mine following partial closure, and other business stories

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Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.

Papua New Guinea’s long-awaited Pacific Marine Industrial Zone launched

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Eleven years after the Papua New Guinea government’s National Executive Council approved the scheme, the Pacific Marine Industrial Zone (PMIZ) in Madang Province has finally been launched, with local business leaders saying it will reduce freight costs, speed up transport and reduce congestion at Lae’s wharves.

Fish stocks slump in spite of scheme, says Papua New Guinea tuna industry

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Papua New Guinea’s tuna industry leaders are calling for reform of the regional Vessel Day Scheme, saying it is counterproductive, speeding up stock depletion with the size of catches getting smaller.

In brief: Pruaitch delivers record Budget and other business stories

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Record 2015 Budget and higher deficit, Sime Darby happy with 51% of New Britain Palm Oil and Marengo Mining raises funds for drilling program. Your weekly digest of the latest business news.

R D Tuna: a pioneer in PNG’s fisheries industry

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Starting from scratch in 1997, R D Tuna Canners has lead the way towards value-adding in PNG’s fisheries sector, turning a greenfield site in Madang into one of the region’s major sources of canned tuna.