Industry sectors

Geopacific Resources’ ‘phenomenal’ Woodlark project to produce gold within 18 months

Australian miner Geopacific Resources has secured funding to develop the gold mine on Papua New Guinea’s Woodlark Island in Papua New Guinea’s Milne Bay Province. Business Advantage PNG spoke exclusively to Chairman Ian Clyne and CEO Tim Richards about their expectations for the project.
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BSP denies regulator’s anti-money laundering allegations

BSP Financial Group (BFL) has responded to allegations made by the Bank of Papua New Guinea's Financial Analysis and Supervision Unit (FASU) that it was in breach of the country's anti-money laundering laws. Meanwhile, the Bank of PNG's Governor has distanced the central bank from the allegations made by its own unit.
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How Papua New Guinea can boost its coffee production [analysis]

Papua New Guinea has the potential to become one of the top coffee producers in the world. Deputy Director of the National Research Institute, Eugene Ezebilo, explores what other countries have done to boost their coffee production and how these strategies could be implemented in PNG.
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Australian defence spending in Papua New Guinea to provide business opportunities

The imminent upgrade of defence facilities on Papua New Guinea's Manus Island should provide significant opportunities for local business and labour, according to Australia's Department of Defence. But the selection requirements are likely to be demanding.
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