Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.
Coffee Industry Corporation (CIC)
Share buyback and recapitalisation at Airlines PNG, lucrative tuna deal signed with United States, and Digicel in talks over buying shares in EMTV. Your weekly digest of the latest business news.
Local landowner companies benefit from PNG LNG project, PNG Government takes Woodlark stake, and Buka Airport disrupted by shut down. Your weekly digest of the latest regional business news.
Grown almost entirely without pesticides in small village gardens, PNG coffee is cherished by aficionados around the world for its delicate fruity ‘winey’ and smooth caramel aftertaste. Ian Neubauer looks at how the coffee bean is processed for its major markets in Australia and Europe.
Crime and violence slowing business growth, Robusta coffee production to be boosted, and women’s bank launched
Banks trading ‘well and above’ preferred kina rate, minister wants business contracts under K10 million to be reserved for Papua New Guineans, and Bakani says reserves will last seven months. Your weekly digest of the latest business news.
Officials reveal loan share deal signed two weeks ago, Abbott/O’Neill sign a new trade treaty and Bank PNG board happy with economy. Your weekly digest of the latest business and economic news.
Coffee is one of Papua New Guinea’s major agricultural commodities, with exports worth 927 million kina (US$433 million) in 2011—a huge increase on 2010. Two varieties are grown: robusta in the coastal areas and arabica in the Highlands.