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Industry diversification a must, say ADB and Manufacturers Council

24 Aug 2016 by Leave a Comment
The economic and financial stresses being experienced in the PNG economy are in part due to the narrowness of the industry base, according to a report by the Asian Development Bank. There is a compelling argument for industry diversification; Chey Scovell of the Manufacturers Council says the focus should be on creating stable employment.
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Papua New Guinea’s broadband network ‘on track’, but there will be challenges, says analyst

17 Aug 2016 by 1 Comment
The rollout of PNG's National Transmission Network is on track for completion later this year. It will transform the nation's digital highway, but that does not mean there will not be challenges, telecommunications analyst Henry Lancaster tells Business Advantage PNG.
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Business Advantage’s 2017 Papua New Guinea Investment Conference

17 Aug 2016 by Leave a Comment
Business Advantage International has announced the date for its next major PNG investment conference. The Business Advantage Papua New Guinea Investment Summit will be staged in Sydney in September 2017. ‘Our 2017 PNG Investment Conference will be an energetic re-boot of the investment conference format, aimed at connecting PNG businesses with international partners, and showcasing PNG as a favourable business […]
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Five questions for the IFC’s Dina Nicholas on growing cruise line tourism in Papua New Guinea and Solomon Islands

3 Aug 2016 by Leave a Comment
Cruise liner tourism in PNG and the Solomon Islands could grow five-fold within two years, according to a study commissioned by the Australian Government, the IFC and cruise operator Carnival Australia. We asked the IFC's Senior Operations Office, Dina Nicholas, what will make this growth happen.
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Survival of Papua New Guinea industry threatened unless greater protection, say business figures

13 Jul 2016 by Leave a Comment
There is a growing call for greater protection of Papua New Guinea industry to respond to allegedly unfair international competition. A number of manufacturers tell Business Advantage PNG that most countries have used protectionism to foster their domestic industries and it is time for PNG to do the same.
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Papua New Guinea government facing ‘difficult’ cash flow challenge says ADB

6 Jul 2016 by Leave a Comment
The Papua New Guinea government faces challenges in managing its cash flow, according to Yurendra Basnett, PNG Country Economist for the Asian Development Bank (ADB). The ADB’s Outlook 2016 paper on the Asian region says PNG’s debt servicing costs are likely to rise. ‘Cash-flow management is growing more difficult for the government as commercial banks reach their […]
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Manufacturers survey: adapting to tougher economic conditions

6 Jul 2016 by Leave a Comment
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.
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