Nautilus set to press on with deep sea-bed mining after ruling; Rabaul tourism 'hub' has huge potential; Paradise Foods expands

PNG Business Update

October 10, 2013

Latest news

Nautilus set to press on with deep sea-bed mining after ruling

Nautilus Minerals says it will go ahead with its high grade copper-gold exploration project in the Bismark Sea, after an international arbitrator compelled the PNG government to abide by a joint venture agreement. Read on... 

Poll confirms sales drop

Last week, we reported on declining retail and manufacturing sales in Papua New Guinea and launched a poll to ask you about your own figures. A sobering 87% of respondents said they’d experienced a fall in sales in 2013, with 57% saying sales had fallen ‘significantly’. Just 9% of respondents reported sales increases. Read on ...


Tourism potential in Kokopo/Rabaul ‘huge’ – if infrastructure improves

Tourism operators have welcomed the government’s plan to develop Kokopo and Rabaul in East New Britain province as the country’s tourism hub. But they warn poor infrastructure and the country’s bad image overseas could prevent PNG reaping the benefits of ‘huge’ tourism potential. Read on...


Paradise Foods marks 80th year with expansion plans

Papua New Guinea’s oldest manufacturing company, Paradise Foods, is marking its 80th year of operations this year, after its humble beginnings as a small town bakery in 1933. Behind the quiet celebrations are big expansion plans, Managing Director David Peate tells Business Advantage PNG. Read on ...

In brief

TISA against Credit Corporation sale, LNG funds missing and other stories

The Teachers Savings and Loan Society Ltd (TISA), the third largest shareholder of finance company Credit Corporation Ltd, has come out against a buyout offer by BSP. Read on...

People moves

Newcrest, Business Council of PNG

Newcrest Mining announces the appointment of new Chairman and prepares the ground for a new CEO, while the Business Council of PNG elects a new President. Read on... 


2014 edition of 'Made in PNG'

Business Advantage International is proud to announce the third edition of Made in PNG, a publication dedicated to Papua New Guinea's productive sectors. Read on ...

Latest jobs

Communications Specialist, Port Moresby

An opportunity exits under the Economic Public Sector (EPSP), an Australian Government, AusAID initiative, a partnership between the Governments of Australia and Papua New Guinea. The EPSP is seeking a Communications Specialist to join its Project Management Office. Read on ...

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