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Local knowledge and ‘being there’ critical for business success in the Pacific region

15 Nov 2017 by 1 Comment
Looking to invest successfully in the Pacific? There’s no substitute for understanding your market and its people, and for being on the ground. Three successful regional investors also outlined to the Business Investment PNG Conference which sectors have the most potential.
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Shift in demand for ‘exotic’ minerals resources could provide opportunities for Papua New Guinea

8 Nov 2017 by Leave a Comment
A shift in the resources industry is expected, with demand for more “exotic” minerals increasing. But Justin Smirk, Senior Economist at Westpac Institutional Bank tells Business Advantage PNG that industry players must apply a long-term and holistic approach to reap the benefits.
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Boosting Papua New Guinea agriculture the way out of poverty, as new dairy farm starts production

31 Oct 2017 by 10 Comments
There are compelling reasons to boost Papua New Guinea's agriculture sector, according to two executives in Innovative Agro Industry. It can reduce reliance on imports and provide jobs to a country full of dedicated farmers.
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Timor-Leste open to investment in oil, gas, tourism, agriculture and fisheries, says Ambassador

9 Oct 2017 by Leave a Comment
With its longstanding dispute with Australia over the Timor Sea resolved, neighbouring Timor-Leste looks set to expand its petroleum and mineral industries. Meanwhile, its government is actively seeking investors in agriculture and fisheries, tourism and services, according to Abel Guterres, Timor-Leste Ambassador to Australia.
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Stronger copper price a boost for Ok Tedi but further rises needed for rest of the sector

3 Oct 2017 by Leave a Comment
The copper price has increased by about a quarter in 2017, although it is still below its 2013 highs. Stephen Howes, Director of the Development Policy Centre at ANU tells Business Advantage PNG that the  boost in the copper price is important for Papua New Guinea, in particular, Ok Tedi.
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Lae’s Unitech undergoes ‘cultural change’ to produce better qualified students

12 Jul 2017 by 3 Comments
Albert Schram, Vice-Chancellor of the University of Technology (Unitech) in Lae, tells Business Advantage PNG that the institution is undergoing a broad ‘cultural change’. The aim is to create closer ties with business in order to produce better qualified graduates.
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Domestic credit in Papua New Guinea sound, say finance executives

12 Jul 2017 by Leave a Comment
Businesses in Papua New Guinea may be finding it hard to get foreign exchange, but credit quality within the domestic economy remains relatively healthy. Finance executives and analysts tell Business Advantage PNG that there has been only a slight deterioration of kina-denominated credit, despite the weak economy.
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Singapore emerging as a regional option for Papua New Guinea companies

4 Jul 2017 by Leave a Comment
Businesses in Papua New Guinea seeking to establish a presence in the Asian region are increasingly looking at Singapore as a stepping-stone to expand their market reach or increase their shareholder base. There is also growing interest from Singapore-based businesses looking at the PNG market.
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Cooperation in resources sector improving Papua New Guinea’s international standing, says analyst

27 Jun 2017 by 1 Comment
Cooperation amongst the energy majors in Papua New Guinea is leading to greater efficiency and higher international standing, according to industry leaders and analysts. What is happening in PNG appears in stark contrast to recent experiences in Australia's LNG industry.
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