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 […]
Papua New Guinea’s capital markets
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1 May 2012 by 2 Comments
After strong performances in 2009 and 2010, the Port Moresby Stock Exchange (POMSoX) experienced a tough 2011, as did many bourses around the world. The Kina Securities Index, which measures the health of PNG’s stock exchange, reported a 22.21% fall in 2011, but this fall should be seen in context. The region’s major exchanges—the Nikkei […]
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 […]
Case study: Hornibrook Ngi
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1 May 2011 by Leave a Comment
Papua New Guinea’s largest steel fabricator, Hornibrook NGI, provides of a wide range of products and services to the country’s mining and petroleum industry. Hornibrook’s 6,400 square metre workshop in Lae has manufactured processing tanks for Tolukuma, conveyors for Porgera, pipe spooling for Kutubu, and what Managing Director Mal Lewis calls ‘probably our biggest job: […]
Papua New Guinea’s ICT evolution
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1 May 2011 by Leave a Comment
Information and communications technology (ICT) reform in Papua New Guinea is not only delivering cheaper prices and stronger competition: it is also helping businesses devise a new generation of innovative services. As most companies that do business there will tell you, while it can be very rewarding, Papua New Guinea is a demanding environment in […]
NASFUND: Cleaning up in superannuation
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1 May 2006 by Leave a Comment
National Superannuation Fund, or NASFUND, is representative of the strong leadership now being shown by Papua New Guinea’s financial sector. It wasn’t always so, as the fund’s Chief Executive Officer Rod Mitchell tells Business Advantage. ‘In 1999, we had debts of K155 million and we had net assets of K125 million. Six years later we […]
S P Brewery: a regional beer
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1 May 2006 by 11 Comments
S P Brewery, Papua New Guinea’s major brewer, possesses one of the country’s strongest consumer brands. S P Brewery started in 1951 and launched S P Lager the following year. These days it is majority owned by Singapore-based Asia-Pacific Breweries Ltd, which also owns Tiger Beer. Minority shareholders include PNG’s two largest superannuation funds, POSF […]
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