In late 2021, PNG’s largest superannuation find, Nambawan Super, increased its holding in Paradise Company Limited, owner of Paradise Foods and Laga Industries, to 100 per cent. Michael Penrose, Paradise’s CEO, tells Business Advantage PNG how the fund’s support is helping the food manufacturer expand.
Cracking investment: Nambawan Super investment fuels growth at Paradise Foods
Welcome,
20 Jul 2022 by Leave a Comment
In brief: World Bank to fund new agriculture project in Papua New Guinea and other business stories
Welcome,
4 Jul 2022 by 1 Comment
The World Bank announced new program and generous funding for Papua New Guinea agriculture sector, call centre launched for the 2022 elections and the Civil Aviation Development Investment Program eyes phase 2. The business news you need today.
People moves: Credit Corporation, Laga Industries
Welcome,
17 Mar 2021 by Leave a Comment
Credit Corporation (PNG) announces resignation of Board Director, Laga Industries welcomes new National Sales Manager.
In brief: US, Australia and Japan announce new infrastructure fund for the Pacific, and other business stories
Welcome,
31 Jul 2018 by Leave a Comment
Galip nut industry taking off, Horizon Oil reports strong quarter, and two online marketplaces launched. Your weekly digest of the latest business news.
Analysis: Papua New Guinea companies using rationalisation to adapt to weaker economic conditions
Welcome,
10 Jul 2018 by Leave a Comment
The sluggish Papua New Guinea economy is triggering a bout of rationalisation, two of the recent examples being in the banking and manufacturing sectors.
Steamships MD Peter Langslow sees future in property development (Part 2)
Welcome,
28 Feb 2017 by Leave a Comment
In the second of a two-part series, Steamships Managing Director Peter Langslow tells Business Advantage PNG that his diversified company is looking to upgrade its manufacturing activities, upgrade more hotels and is planning more property development in Papua New Guinea.
Steamships’ new chief in Papua New Guinea keeps powder dry for coming challenges and opportunities
Welcome,
15 Apr 2015 by Leave a Comment
The next 12 months or so is a time to digest and consolidate, says Peter Langslow, the incoming head of one of Papua New Guinea’s largest and oldest companies, Steamships Trading Company. He told Business Advantage PNG, however, it is also a time to prepare for fresh opportunities.
Laga Industries boosts capacity to meet Papua New Guinea ice cream demand
Welcome,
25 Mar 2015 by Leave a Comment
Papua New Guinea’s potential as a market for ice cream will be put to the test when Laga Industries completes a significant expansion of its Gala manufacturing facilities in Lae later this year.
PNG Manufacturers look to the future
Welcome,
12 Mar 2014 by Leave a Comment
There is no question that Papua New Guinea’s manufacturers-which account for about 9% of the country’s GDP – have been caught up in the general downturn in the country’s economy, with a combination of lower investment in the mining and petroleum sectors, lower commodity prices and a stronger currency slowing growth and reducing domestic demand.
People moves: Laga Industries and diplomatic
Welcome,
19 Jun 2013 by
GM of Laga Industries set to leave plus new diplomatic postings.
USD 0.2475
AUD 0.3829
GBP 0.1953
EUR 0.2348
NZD 0.4224
JPY 38.74
SGD 0.3326
Recent readers’ comments