World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.
Five things we learned from Papua New Guinea Advantage 2013
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12 Sep 2013 by
The annual Papua New Guinea Advantage investment summit was held this week in Port Moresby. After two days of discussions, presentations, speeches, dinners and question-and-answer sessions, here are five observations.
PNG stock prices fall, but domestics add confidence
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12 Mar 2014 by 1 Comment
2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.
Entrepreneurs: Mahesh Patel OBE, Chairman of CPL Group
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7 Aug 2013 by 23 Comments
Fresh-faced and newly-qualified, Mahesh Patel arrived in Papua New Guinea in 1984 to take up a job as a pharmacist. Almost 30 years on, he speaks with Andrew Wilkins about the building of retail and wholesale conglomerate CPL Group, one of PNG’s most dynamic companies.
Entrepreneurs: Max Puritau, Paradise Spices
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29 May 2013 by 64 Comments
Managing generational change is a big challenge for any business. We meet 26-year-old Max Puritau, who has taken over his parents’ business, Paradise Spices, and is seeing exports soaring.
Economic update: our annual snapshot of Papua New Guinea’s economy
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16 Apr 2013 by
Papua New Guinea enters 2013 with a new government in place, a major gas project nearing completion and some ambitious development goals, reports Business Advantage PNG’s Andrew Wilkins.
PNG and Fiji formalise closer business ties
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17 Dec 2012 by
If foreign investors have generally been wary of investing in Fiji since the 2006 coup, Papua New Guinea has been the exception. Most notably, in 2009, PNG’s Bank of South Pacific lived up to its name by acquiring Fiji’s Colonial Banking Group and has subsequently invested heavily to strengthen its local presence. A year earlier, […]
The changing face of investment in Papua New Guinea
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1 May 2011 by Leave a Comment
With PNG expected to grow faster than China in 2011, Business Advantage examines just who is investing in PNG and in what sectors, and asks where the best opportunities lie in the future. ‘We’re at the start of a very long term growth period—the outlook long-term is extraordinary,’ says Rod Mitchell, the joint-CEO of PNG […]
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