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Sector profile: Fisheries

1 Sep 2012 by 1 Comment
Fisheries has emerged as one of Papua New Guinea’s most dynamic sectors, following a wave of investment from Asia. In this special feature, Samantha Magick speaks with some of the sector’s key players about its current state and the prospects for further expansion. In 2010, PNG supplied about 17% of the world’s tuna catch, a […]
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Competitiveness and PNG goods

1 Sep 2012 by Leave a Comment
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 […]
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Managing the boom

3 Jun 2012 by Leave a Comment
Halfway through the building of its major liquefied natural gas project, Papua New Guinea finds itself in a strong fiscal position, but with some key challenges. After ten straight years of economic growth, culminating in an impressive 8.9% increase in GDP in 2011 (compared to a world average of 4%), Papua New Guinea’s economy is […]
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The PNG 100 CEO Survey 2012

1 May 2012 by Leave a Comment
Senior executives of Papua New Guinea’s largest businesses are predicting increased profits, investment and employment in 2012 in spite of major challenges, according to a major new survey. The PNG 100 CEO Survey, conducted by Business Advantage International between December 2011 and February 2012, asked the CEOs of PNG’s major companies across all sectors of the economy to answer […]
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PNG spearheads regional growth

1 May 2012 by Leave a Comment
Papua New Guinea is expected to remain the standout economy in the Pacific over the coming year, with its success having a knock-on effect on neighbouring Solomon Islands. Business Advantage summarises the outlook for the region’s larger economies. Unsurprisingly, the region’s fastest-growing economies are those whose economies are based around exporting natural resources, especially to Asia. ‘In Papua New Guinea […]
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Boost for service providers

1 May 2012 by Leave a Comment
Growth in the resources sector in Papua New Guinea is driving parallel growth in the businesses that provide mining operations with the services they need to function. LCR Group has been operating in PNG since 2009, providing crane services for engineering group Clough on the gas processors and docks that will service the PNG LNG […]
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Gas and petroleum: the year of heavy lifting

1 May 2012 by 1 Comment
Papua New Guinea’s oil and gas sector continues to attract new entrants as its ExxonMobil-led PNG LNG liquefied natural gas project moves inexorably towards a production stage. Papua New Guinea is highly prospective for oil and gas, with deposits being found across its Highlands provinces, Foreland Basin and even beneath the Gulf of Papua. The […]
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Papua New Guinea’s capital markets

1 May 2012 by 2 Comments
After strong performances in 2009 and 2010, the Port Moresby Stock Exchange (POMSoX) experienced a tough 2011, as did many bourses around the world. The Kina Securities Index, which measures the health of PNG’s stock exchange, reported a 22.21% fall in 2011, but this fall should be seen in context. The region’s major exchanges—the Nikkei […]
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Key human resources considerations in Papua New Guinea

1 May 2011 by Leave a Comment
1. Skills Skills shortages are widespread in PNG, and likely to get worse in the short to medium term. As one expat manager told us: ‘If you have a trade in PNG, you are basically guaranteed a job.’ Larger firms are often obliged to source expats from overseas for specialised or highly skilled roles. Leadership […]
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Earning a social licence to operate

1 May 2011 by Leave a Comment
PNG veteran Peter Botten, Managing Director of Oil Search Limited, talks about the importance of engagement at a community level in Papua New Guinea. There are few regions of the world where the operating environment is as complex and dynamic as it is in PNG. While most operators appreciate the importance of maintaining a social […]
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