The latest figures from the Bank of Papua New Guinea reveal the negative impact of the global pandemic on PNG’s agricultural sector. Exports of all the country’s major agricultural commodities fell in the 12 months to September 2020, although the falls were partly offset by improved prices in some cases.
In brief: NCSL’s plans to become ‘best electronic bank’ in Papua New Guinea and other business stories
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21 Apr 2021 by Leave a Comment
NCSL talks about its plans to become an ebank, Papua New Guinea’s Treasurer, Ian Ling-Stuckey reveals potential second economic stimulus package for MSMEs and changes in taxation collection in Bougainville. The business news in brief.
In brief: K100 million for Ihu Special Economic Zone and other business stories
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18 Jan 2021 by Leave a Comment
Ihu Special Economic Zone gets funds, Prime Minister Marape urges national to go into small agriculture businesses and the Internal Revenue Commission opens an office in Jiwaka Province. Business news to stay on top.
In brief: Prime Minister Marape commits K50 million to agriculture and other business stories
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9 Nov 2020 by 3 Comments
Marape launched the Agriculture Medium Term Development Plan 2020 -2022 and committed K50 million to the sector, the PNG Electrification Partnership makes progress and Misima gold project takes first steps towards environmental approvals. The business news you need to kickstart your week.
Ready to sow: Papua New Guinea’s agriculture sector could rebound next year
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21 Sep 2020 by 1 Comment
Papua New Guinea’s agriculture sector has been adversely affected by the impact of COVID-19. But according to a report by ANZ Research, exports of agricultural commodities may rebound sharply next year.
In brief: Papua New Guinea and Australia sign economic partnership agreement and other business stories
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10 Aug 2020 by Leave a Comment
Papua New Guinea and Australia sign economic partnership agreement, seafood venture for New Ireland, and K200 million for SMEs still on its way. The business news you need to kickstart your week.
In brief: tariffs, fees and levies hurting agriculture and other business stories
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13 Jul 2020 by Leave a Comment
NBPOL claims tariffs, fees and levies are hurting agriculture, SMEs to benefit from government’s stimulus and government owes over K1 billion to businesses. The business news you need to kickstart your week.
Ready, set, sago: project suggests the key to a successful agribusiness in Papua New Guinea
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25 Jun 2020 by 2 Comments
The Sago Project in Gulf Province seeks to improve revenues from a crop already well known to smallholders. Sago Project co-founder Peter Uechtritz reveals to Business Advantage PNG the key ingredients for a successful agribusiness project in Papua New Guinea.
Data driven: Outspan PNG helps Papua New Guinea farmers reap more from what they sow
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22 Jun 2020 by 10 Comments
Outspan PNG is using big data to help thousands of smallholder cocoa and coffee farmers in Papua New Guinea improve the quality of their produce. Country Manager Basavaraj Y. Mashetty tells Business Advantage PNG it is helping to put the country’s cocoa and cofee on the global map.
In brief: Horizon Oil clears its name and other business stories
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15 Jun 2020 by Leave a Comment
An investigation has cleared Horizon Oil of any wrongdoings in Papua New Guinea, PNG amends Oil and Gas Act and NASFUND revamps its image. The business news you need to kickstart your week.
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