#cpl group

In brief: K10m initial insurance payout for CPL fire in Port Moresby, and other business stories #PNG

CPL receives initial insurance payout of K10m for June fire, inquiry call for contract awarded to Borneo Pharmaceuticals, and call for Corruption Commission. Your weekly digest of the latest business news.

Pacific MMI has paid an initial K10 million insurance claim with CPL Group following a fire which tore through its headquarters and warehouse in mid-June. CPL Managing Director Joe Barberis has…

In brief: National Transmission Network ready by the end of 2017, and other business stories #PNG

Broadband network to be completed by the end the year, Oil Search concludes five-year credit agreement and ADB approves funding Highlands Highway project. Your weekly digest of the latest business news.

PNG’s National Transmission Network will be completed by the end of 2017, Huawei spokesman Brent Hooley has told The National. Huawei is working with Telikom PNG and PNG DataCo to construct a 5457…

Opinion: selling Papua New Guinea as a business and investment destination #PNG #investment #pacificislands

September’s Papua New Guinea Investment Conference in Sydney is designed to promote Papua New Guinea as a key business destination in our region. Business Advantage International’s Andrew Wilkins reveals some of the planning that is going into the program.

Sydney, location for September’s Papua New Guinea Investment Conference.

‘Part of our job is telling people outside of the country just how…

In brief: Newcrest sells Hidden Valley stake to Harmony and other business news #PNG

Newcrest Mining sells its Hidden Valley stake to Harmony Gold, group marketing of coffee exports to South Korea and an agreement to ban harmful fisheries subsidies. Your weekly digest of the latest business news

Newcrest Mining has announcedthe sale of its half share in the Hidden Valley joint venture to its partner Harmony Gold. Harmony will now assume all liabilities and expenses related to…

People moves: Nambawan Super, CPL Group

A new Chief Financial Officer at Nambawan Super, and board re-appointments at CPL Group Nambawan Super has announced the appointment of Vere Arava as its new Chief Financial Officer. Mr Arava is a former Financial Controller with Industrial & Manufacturing, and was recently the CFO for Papua New Guinea Sustainable Development Program Ltd. *** Anthony Smare and Peter Aitsi have been re-elected as…

Papua New Guinea's economy under pressure but fighting back #PNG

Global and domestic factors have combined to slow Papua New Guinea’s economy. However, as Andrew Wilkins discovers, the Pacific nation’s business leaders are still confident about its future prospects. Parliament Haus  Source: Business Advantage PNG The Pacific’s largest economy is still in a hiatus, and the slump has been more prolonged than many expected. GDP growth is expected to be modest in…

IIn brief: manufacturing affected by downturn in the economy and other business stories #PNG

Manufacturing affected by downturn in economy, Japanese International Cooperation Agency ready to start Lae-Nadzab Development Project and CPL’s profit comes in at K6.5 million. Your weekly digest of the latest business news. The Manufacturers Council of PNG’s Chey Scovell The downturn in Papua New Guinea’s economy is affecting the local manufacturing industry, says Manufacturers Council of PNG…

Business literacy skills and access to markets essential if Papua New Guinea SMEs are to develop, say business leaders #PNG

Boosting business literacy skills and opening up access to markets are at the heart of a successful SMEs policy for PNG, two influential business leaders tell Business Advantage PNG. The PNG Business Coalition for Women’s Lesieli Taviri The O’Neill Government has announced its aim to have 500,000 small and medium sized businesses (SMEs) by 2030. In a parallel move, Trade and Industry Minister…