September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.
IFC US$50 million funding boost for Bank of South Pacific
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6 Aug 2014 by
The International Finance Corporation (IFC) has negotiated an additional US$50 million in funding for the Bank of South Pacific, to expand its financing and promote private sector growth.
In brief: competition concerns over Oil Search, Bougainville mine and a review of bank charges
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19 Feb 2014 by Leave a Comment
Competition concerns over Elk-Antelope share holdings, ABG keen to re-open Panguna and Treasurer orders bank charges review. Your weekly digest of the week’s business news.
People moves: Air Niugini, Talisman Energy and IFC
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19 Feb 2014 by
Board changes at Air Nuigini, Talisman Energy’s CEO to step down and other senior appointments.
Key players in fisheries
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1 Sep 2012 by 4 Comments
We take a look at some of the key players in Papua New Guinea’s fisheries sector. R D Tuna PNG R D Tuna PNG is Papua New Guinea’s largest tuna canner. The Philippines-owned company is based in Madang. R D Tuna operates 17 fishing vessels in PNG waters and sells its products under the Diana, […]
K K Kingston: 40 years old and growing fast
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1 Sep 2012 by
K K Kingston, one of Papua New Guinea’s largest manufacturers, turns 40 in 2012. Paying a visit to its HQ in Lae, Robert Hamilton-Jones found the company evolving at a furious pace. ‘We’re bursting at the seams,’ declares K K Kingston’s General Manager Michael Kingston. We are sitting in the boardroom of the company’s head […]
PNG: overcoming the challenges
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1 May 2012 by Leave a Comment
As Business Advantage’s PNG 100 CEO Survey reveals, leading companies are performing exceptionally in spite of facing an array of severe impediments. We take a closer look at some of the daily challenges faced by companies doing business in Papua New Guinea and find out how they are overcoming them. At the beginning of 2011, […]
The rise of PNG’s private sector
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1 May 2012 by Leave a Comment
IFC, the private sector development arm of the World Bank Group, has increased its presence in Papua New Guinea. Business Advantage talks to IFC’s Resident Representative in PNG, Carolyn Blacklock, about taking PNG’s private sector to the next level. What is the status of the IFC’s own investment portfolio in PNG? We continue to work […]
A season of healthy growth
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1 May 2012 by Leave a Comment
Farming expertise, rich soil and high rainfall are behind Papua New Guinea’s organic strength. Agriculture accounted for more than 30% of Papua New Guinea’s GDP in 2011, according to World Bank figures. The sector expanded at a moderate pace in 2011, with many cash crops responding to high international prices. PNG’s most valuable cash crops—oil […]
Solomon Islands mining industry bounces back
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1 Feb 2012 by Leave a Comment
While Solomon Islands lies in the mineral-rich Pacific Ring of Fire, its mining sector has yet to mirror the success of Papua New Guinea, the region’s minerals powerhouse. But the obstacles are being removed. Mining in the Solomon Islands reached its nadir in May 2000, when its only gold mine, Gold Ridge on Guadalcanal, was […]
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