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PNG Government gives Direction to reinstate ailing Coffee Industry Status

 COFFEE growers, investors and stakeholders in Papua New Guinea  need to take heed and work closely with the Marape Government to revamp the once thriving industry. Prime Minister James Marape MP said this was totally necessary to give new direction and focus on re-establishing the cash crop which was and still is the life-line and economic security for ordinary Papua New Guineans and businesses that specialize in the development, processing and export of the commodity. Prime Minister Marape said it was unfortunate that over the years the crop had been allowed to deteriorate through lack of attention, research and development, grower incentives, infrastructure development, downstream processing and other value-adding innovations. He said this time around and under his government, the country has no choice but to directly deal with the industry under a newly created Ministry to oversee its expansion from production through to manufacturing and export. The Prime Minister said the coffee ...

PNG Needs more Competition in the Energy Sector : ICCC

The Papua New Guinea Independent Consumer and Competition Commission (ICCC) says policy intervention in any business sector in the country will not work out if there is no competition in the market. ICCC Commissioner, Paulus Ain says Energy Sector has great potential to become a significant catalyst for a better economy. However, he says the sector needs more competition in the market to boost the economy. The country is currently facing a fuel shortage with Puma Energy’s monopoly over the fuel market due to a lack of access to foreign exchange. In an exclusive interview with NBC News, the ICCC Commissioner, Paulus Ain highlighted the low outcome of the policy decision by the government seemed to be not working. However, he says the energy sector has great potential to attract new investors into the market if there is competition. The ICCC’s role in regulating the energy sector has now changed and the role was taken over by the National Energy Authority. Mr. Ain says the energy po...