Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.
In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories
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21 Mar 2017 by Leave a Comment
Foreign exchange shortages open up opportunities for Papua New Guinea’s manufacturers
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22 Feb 2017 by 2 Comments
The difficulty in getting foreign exchange is making goods made in Papua New Guinea more attractive, local manufacturers tell ‘Business Advantage Boardroom’, which aired last night on national broadcaster, EMTV. But a lack of protection against cheap overseas competition remains a problem.
In brief: Agriculture Minister calls for annual 10% Budget investment in sector and other business stories
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29 Nov 2016 by
Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O’Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.
Industry diversification a must, say ADB and Manufacturers Council
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24 Aug 2016 by Leave a Comment
The economic and financial stresses being experienced in the PNG economy are in part due to the narrowness of the industry base, according to a report by the Asian Development Bank. There is a compelling argument for industry diversification; Chey Scovell of the Manufacturers Council says the focus should be on creating stable employment.
In brief: Papua New Guinea government ‘committed’ to resolving royalty dispute at PNG LNG site, and other business stories
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17 Aug 2016 by Leave a Comment
Blockade of PNG LNG site now its second week, Trade Minister threatens Fiji over refusal to import PNG products, and fears of job losses if rice import quotas introduced. Your weekly digest of the latest business news.
Survival of Papua New Guinea industry threatened unless greater protection, say business figures
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13 Jul 2016 by Leave a Comment
There is a growing call for greater protection of Papua New Guinea industry to respond to allegedly unfair international competition. A number of manufacturers tell Business Advantage PNG that most countries have used protectionism to foster their domestic industries and it is time for PNG to do the same.
Manufacturers survey: adapting to tougher economic conditions
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6 Jul 2016 by Leave a Comment
Papua New Guinea’s manufacturers experienced difficult conditions in 2015 and many are concerned that things will get worse before they get better. David James talks to some of the key figures from the sector to find out how they are coping with the tough market conditions.
In brief: manufacturing affected by downturn in the economy and other business stories
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23 Mar 2016 by Leave a Comment
Manufacturing affected by downturn in economy, Japanese International Co-operation Agency ready to start Lae-Nadzab Development Project and CPL’s profit comes in at K6.5 million. Your weekly digest of the latest business news.
Six things we learned at Australia–Papua New Guinea Business Forum in Lae
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27 May 2015 by Leave a Comment
Trade Minister Richard Maru has urged Australian and Papua New Guinean business leaders to look seriously at diversifying their areas of investments.
In brief: Papua New Guinea’s rating outlook falls to negative with Moody’s downgrade, and other business stories
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20 May 2015 by
Moody’s lowers Papua New Guinea rating outlook, Australians banned from Bougainville, and PNG to commence free trade talks with China. Your weekly digest of the latest business news.
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