Port Moresby Chamber applauds development of Northern Australia, Papua New Guinea well-placed on global LNG stage, and SP Brewery launches new brew. Your weekly digest of the latest business news.
SP Brewery aims to bolster Papua New Guinea agriculture sector with cassava project
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To expand its local sourcing footprint SP Brewery has launched a new project with the Papua New Guinea Government to develop cassava farms that will provide ingredients for beer manufacturing.
Economic update: Papua New Guinea changes gear
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Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy.
What makes brands work in Papua New Guinea?
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A recent online survey to identify Papua New Guinea’s most recognisable brands suggests that traditional marketing techniques still hold sway in PNG. But for how much longer?
In brief: Funding freeze on Pacific Marine Industrial Zone lifted, and other business stories
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China lifts freeze on funding for Pacific Marine Industrial Zone, only five SABL leases handed back and Malaysian company to build satellite township in Central province. Your weekly digest of the latest business news.
PNG Manufacturers look to the future
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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.
Papua New Guinea manufacturers’ vote of confidence
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While Papua New Guinea’s economy has slowed in the past year, many of the country’s manufacturers continue to see growth as the longer-term trend, and are investing in new plant, new products and new marketing approaches.
Time to focus on customer service and developing local managers
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With Papua New Guinea’s economy slowing, there are more companies chasing fewer opportunities. How to ensure your business gets the job? The answers are good customer service and developing local talent, according to management consultant Robert de Loryn.
Papua New Guinea’s manufacturers seek level playing field on cheap imports
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Cheap imports into Papua New Guinea are posing an increasing threat to local producers, with reports of foreign companies ‘dumping’ goods in PNG or under-declaring the value of imports.
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