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Spotlight: The sweet taste of success

1 May 2011 by Leave a Comment
Australian chocolatier Dean Morgan of Zokoko is one of an increasing number of gourmet chocolate makers discovering that the fine cocoa flavour of Papua New Guinean cocoa makes excellent gourmet chocolate. Dean Morgan’s search for PNG cocoa started with a call to Pacific Islands Trade and Invest to source coffee beans for his coffee roasting […]
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Case study: PNG’s largest food company

1 May 2011 by 1 Comment
Paradise Foods Limited is Papua New Guinea’s oldest established food manufacturer, with operations dating back to the early 1930s. Formerly known as Arnott Biscuits (PNG) and owned by US company Campbells Soups, it was purchased in 2007 by local superannuation funds Nambawan Super and Comrade Trustee Services Limited and re-named Paradise Foods. The 100% PNG-owned […]
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Spotlight: Making the most of the beans

1 May 2011 by Leave a Comment
Robert Hamilton-Jones talks to one of the founders of Jasper Coffee, which roasts and packages gourmet Papua New Guinean coffee. About three years ago, I stumbled upon an attractively packaged coffee in my local deli in Geelong, Australia. It was of PNG origin, although it was actually roasted and packaged in Australia by Jasper Coffee. […]
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Banking services reach Papua New Guinea’s rural population

1 May 2011 by Leave a Comment
With mobile phone use now widespread in PNG, the country’s largest bank is aiming to bring financial services to the ‘unbanked’ in PNG’s rural areas for the first time—an initiative that is expected to drive small business development. PNG-based Bank South Pacific (BSP), the Pacific’s largest bank, will this year ramp up its rural banking […]
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Key investment organisations in Papua New Guinea

1 May 2011 by Leave a Comment
Two organisations worth knowing about if you’re looking to invest in Papua New Guinea. Investment Promotion Authority (www.ipa.gov.pg) The IPA is the first point of contact for any potential investor considering doing business in PNG. Not only is the IPA responsible for promoting PNG as a business and investment destination, including the facilitation of trade visits, […]
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Case study: Hornibrook Ngi

1 May 2011 by Leave a Comment
Papua New Guinea’s largest steel fabricator, Hornibrook NGI, provides of a wide range of products and services to the country’s mining and petroleum industry. Hornibrook’s 6,400 square metre workshop in Lae has manufactured processing tanks for Tolukuma, conveyors for Porgera, pipe spooling for Kutubu, and what Managing Director Mal Lewis calls ‘probably our biggest job: […]
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Case Study: Ela Motors, driving Papua New Guinea’s growth

1 May 2010 by Leave a Comment
Toyota Tsusho subsidiary Ela Motors has a long and distinguished history in PNG. Its current programme of new investment illustrates how standards are rising fast in PNG’s services sector. While many automotive businesses around the world suffered during the global downturn, automotive sales and service company Ela Motors grew significantly in PNG and dominated the […]
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Frieda River: glittering project on the rise

1 May 2010 by Leave a Comment
When production at the massive Frieda River copper-gold mine begins in 2016, it will launch a projected 30-year-plus phase of potential major returns for Papua New Guinea and for investors. Regarded as one of the world’s top emerging copper-gold projects, Frieda River is owned by Xstrata Copper (81.18%) and Highlands Frieda Limited (18.82%) in joint […]
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Westpac celebrates 100 years of banking in Papua New Guinea

1 May 2010 by 1 Comment
On May 10, 1910 two young men established PNG’s first commercial bank. Burns Philp had been reluctantly providing banking services before Messers Pickering and Sefton arrived at Port Moresby harbour, and set up shop as the Bank of New South Wales in Douglas Street. Branches at Samarai, Rabaul, Kavieng, Salamua, Wau, Madang and Boroko were […]
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OilSearch celebrates 80 years in Papua New Guinea

1 May 2009 by Leave a Comment
OilSearch Limited is PNG’s longest-established resources company, with an 80-year history of operations in the country. It currently operates all of PNG’s producing oil and gas fields and also has operations in Australia, Yemen and the United Arab Emirates. In fact, the company is still making history, announcing a record US$240 million post-tax profit for […]
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