New agriculture tariffs put Papua New Guinean jobs at risk, says NBPOL CEO

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20 Jul 2020 by Paul Chai 2 Comments

The timing of new tariffs affecting Papua New Guinea’s agriculture sector could not come at a worse time, according to the CEO of the country’s largest employer, New Britain Palm Oil.

Filed Under: Agribusiness, Latest news, News Tagged With: Markham Valley, New Britain Palm Oil (NBPOL), palm oil, Sime Darby

In brief: Foreign currency issues continue to cause problems, and other business stories

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7 Mar 2017 by Business Advantage PNG Leave a Comment

Foreign currency issues continue to cause problems, profit announcements for Nambawan Super and Bank South Pacific and InterOil acquisition finalised. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: BSP Financial Group, ExxonMobil, Hawkins Group, InterOil Corporation, Kumul telikom, Maersk Line, Nambawan Super, Oil Search Ltd, Ok Tedi Development Foundation, Sime Darby, Stoneworks Specialist International, Trukai Industries

In brief: Papua New Guinea government seeks K974 million loan from ADB and other business stories

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12 Oct 2016 by Business Advantage PNG Leave a Comment

Papua New Guinea’s government is seeking K974 million from the Asian Development Bank, Australia to earn negligible royalties from its oil and gas assets, and Newcrest describes conditions as ‘tough’ in PNG. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: Asian Development Bank (ADB), Geopacific Resources, Newcrest Mining, Sime Darby

In brief: Maru wants Papua New Guinea-Fiji trade dispute resolved by October, and other business stories

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7 Sep 2016 by Business Advantage PNG Leave a Comment

Trade Minister Richard Maru wants trade issues with Fiji resolved this month, UBS buys into Kina Securities, and ANZ offers debit cards in PNG.

Filed Under: In brief, Latest news Tagged With: ANZ, Asian Development Bank (ADB), Australian Fisheries Management Authority (AFMA), AXF, Biosecurity Authority of Fiji, Gold Ridge gold mine, Kina Securities, Lowy Institute, Mineral Resources Authority, Nambawan Super, New Britain Palm Oil (NBPOL), Newcrest Mining, Ox & Palm, Pacific Islands Forum, security, Sime Darby, UBS

People moves: Ramu Agri Industries, Autonomous Bougainville Government

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24 Jun 2015 by Business Advantage PNG Leave a Comment

Ramu Agri GM moves to Sime Darby, and Autonomous Bougainville Government appoints Ministers.

Filed Under: News, People moves Tagged With: Autonomous Bougainville Government (ABG), Ramu Agri Industries, Sime Darby

In brief: Business endorses new Papua New Guinea police chief, and other business stories

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3 Jun 2015 by Business Advantage PNG Leave a Comment

Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Autonomous Bougainville Government (ABG), Barrick Gold, Fiji, Guangdong Rising Asset Management, Hawkins Group, Highlands Pacific, Kula Gold, National Development Bank, New Britain Palm Oil (NBPOL), Oil Search Ltd, Port Moresby Chamber of Commerce and Industry, Sime Darby, Standard & Poor’s (S&P), Total SA, World Bank

People moves: New Britain Palm Oil

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25 Mar 2015 by Business Advantage PNG Leave a Comment

Search for new CEO at New Britain Palm Oil

Filed Under: News, People moves Tagged With: New Britain Palm Oil (NBPOL), Sime Darby

Sime Darby expansion to follow takeover of Papua New Guinea’s New Britain Palm Oil

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4 Mar 2015 by Business Advantage PNG 1 Comment

Malaysian conglomerate Sime Darby has indicated it will expand processing operations through its takeover of New Britain Palm Oil, following its final purchase of Papua New Guinea’s largest agribusiness.

Filed Under: Agribusiness, Features, News, Sections Tagged With: Institute of National Affairs, New Britain Palm Oil (NBPOL), Sime Darby

People moves: New Britain Palm Oil, Nambawan Super, Post-Courier

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4 Mar 2015 by Business Advantage PNG 1 Comment

New board members for New Britain Palm Oil, a new Chief Investment Officer at Nambawan Super, and a new Chairman at the Post-Courier.

Filed Under: Latest news, News, People moves Tagged With: Nambawan Super, Sime Darby

In brief: Air Niugini expands services with Melanesian partnership, and other business stories

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18 Feb 2015 by Business Advantage PNG

Air Niugini secures agreement with Air Vanuatu and Solomon Airlines, Cue Energy rejects takeover offer, and Steamships closes Highlands Highway operations. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Anglo American, BSP Financial Group, Cott Oil and Gas, Cue Energy Resources, European Union, ExxonMobil PNG, Highlands Pacific, InterOil Corporation, National Fisheries Authority (NFA), Nautilus Minerals, New Britain Palm Oil (NBPOL), Newcrest Mining, Ok Tedi Mining Ltd (OTML), Port Moresby Chamber of Commerce and Industry, Santos, Sime Darby, Sovereign Wealth Fund, Steamships, Trukai Industries, Westpac

Economic update: Papua New Guinea’s decade of growth begins

As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our … [Read More...]

Restaurant review: Lucky Lucky, Port Moresby

Port Moresby’s flourishing dining scene now features a Thai restaurant – and it’s a good ’un. Lucky Lucky launched in late … [Read More...]

Papua New Guinea’s banks embrace a digital future

Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, … [Read More...]

A closer look at Papua New Guinea’s new international airport, Nadzab Tomodachi

The major redevelopment of the airport that serves PNG’s second city, Lae, means the country now has a second airport – Nadzab … [Read More...]

Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]
Futurist Chris Riddell announced as keynote speaker for 2024 PNG Investment Conference
We are delighted to announce that futurist Chris Riddell, former Chief Digital Officer at Mars, will be providing the keynote address on Day 1 of the 2024 Papua New Guinea Investment Conference (12 & 13 August in Brisbane). Chris is a recognised trend spotter, frequent media commentator, and digital expert with unparalleled insights into emerging […]