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Colony shines bright as a Diamond Sponsor of the 36th Australia Papua New Guinea Business Forum and Trade Expo
by PNG Business News - June 07, 2021
Photo of: Tasman Samuel, General Manager, Colony Papua New Guinea
Colony is a 100% independent, full-service strategic communications agency that had its inception in Asia-Pacific in 2012. So, it’s only befitting that for the first time ever Colony were a Diamond Sponsor of the 36th Australia Papua New Guinea Business Forum and Trade Expo along with Kina Bank, IPA, BSP, Westpac, ANZ, Newcrest Mining and Austrade. The sponsorship was undertaken in support of one of Colony’s key markets in the Asia-Pacific – Papua New Guinea – and its close relationship with Australia.
From humble beginnings assisting with the launch of the Sir Brian Bell Foundation in Papua New Guinea, Colony have expanded to three offices across Asia-Pacific and continues to play a critical role in their client partners’ organisations – providing everything from strategic direction, creative development and production, crisis management, to acting as full in-house end to end marketing and production departments for key clients. Colony’s presence in Papua New Guinea has unequivocally been instrumental to this growth and ongoing business success.
Matt McCarthy, Co-Founder of Colony stated, “Since the beginning, we have been working with the boards and CEOs of national and global organisations to set the business direction for communications, strategy and planning in Asia-Pacific. As well as being instrumental in assisting them to navigate the nuances of operating in markets with cultural and business etiquette differences. So, it just felt like a natural fit to become a Diamond Sponsor of this key international business event to assist in strengthening the relationship between both countries from a trade and investment plus strategic communications perspective.”
Tasman Samuel, General Manager, Colony – Papua New Guinea stated, “I’m passionate about my country doing well and being able to contribute to that through this sponsorship is a very proud moment for me. With Papua New Guinea being the most diverse group of people in the world with over a thousand tribes and 860 languages, Colony is best suited to assist any brand or organisation wanting to market their products, services or simply wanting to navigate the nuances of doing business here.”
Mark Gregory, Client Growth and Partnerships Director at Colony said, “As a new Colony team member attending the Australia Papua New Guinea Business Forum and Trade Expo for the first time, it truly was an informative, educational and yet humbling experience. Having been to many events of this nature across the world before, what took me by complete surprise was the genuinely open nature of every single person no matter what role they played within an organisation – Chairman, CEO, Global Engagement Manager, Chief of Staff or an Area Sales Manager. They were all open to sharing their business insights and contact details to continue the conversation post the event. All of which can only benefit both countries from a mutually beneficial business and consequent GDP growth perspective. I look forward to what lies ahead for Colony as a key strategic communications agency partner in Papua New Guinea as a direct result of this key annual event.”
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PNG Business News - June 15, 2021
PNG Vanilla Company Partners Expo2020 Team
Dr. Nancy Irwin (left) with the Deputy Commissioner General for Expo2020 and Head of the PNG Expo2020 Secretariat, Mrs. Jacinta Warakai-Manua began the partnership to tell the PNG Vanilla story in Dubai, by exchanging ideas in Port Moresby last week. A vanilla production and export company is partnering with the PNG Expo2020 Team to promote their products in the Dubai World Exposition that starts in October this year. KAMAPIM, a company working with landowners in the Madang and Morobe Provinces produces top quality vanilla beans and is already exporting to the EU market. The Managing Director of the company Dr. Nancy Irwin, met with the PNG Commissioner General to Expo2020 Ambassador Joshua Kalinoe and his Deputy Mrs. Jacinta Warakai-Manua in Port Moresby last week to firm up the arrangements. Dr. Irwin said Kamapim (pidgin for develop and to improve) concentrates its efforts in producing the best quality bean for the international market through quality assurance production methods. “PNG farmers can grow anything, they have instinctive ability to grow well any crops. When I first started the project, the quality of the beans were poor, full of fungus due to lack of processing knowledge. We saw huge potential of the organically grown beans and started working with landowners through a cooperative production and marketing structure to improve quality” “The company provide extension services to farmers and buy the beans directly, ensuring farmers are paid a fair price for their efforts”, she said. Dr Irwin said the beans are tested internationally and are consistently classed as the top-quality A grade level. “While PNG has a good perception of growing environment friendly organic vanilla beans, the challenge is for the relevant Government authorities to work with farmers to improve quality. I believe the cooperative production methods applied by our company, Kamapim, could be used nationally as one of the models to improve quality for the export market as well as to maximize revenue gain for farmers”, Dr. Irwin said. She said the company is looking forward to partnering with the PNG Expo2020 Team to tell the PNG story and to connect with niche importers in Dubai and the Arab world in general. Dr. Irwin said the company would promote its products in specially branded PNG Expo2020 containers to create visibility for the country as well as to preserve quality at the company’s cost.
PNG Business News - June 15, 2021
PNGEITI Praises Open Dialogue to Reopen Porgera Mine
The PNG Extractive Industries Transparency Initiative (PNGEITI) has praised the open stakeholder dialogue culminating in reaching consensus to re-open the Pogera Mine in Enga. Parties in April this year sanctioned a “Framework Agreement for the New Pogera Project” which spells out the roadmap to reopen the mine. Mark Bristow, CEO and President of Barrick Gold last week explained key elements of “Framework Agreement for the New Pogera Project” at a public forum at the Piam Oval in Pogera witnessed by PNG Prime Minister James Marape, landowners and other leaders. In the new agreement, PNG stakeholders will together own a 51 % equity stake in the mine while Barrick Niguini Limited (BNL), a joint venture company in which Barrick and Zijin Mining Group each own 50% will hold 49 %. BNL will remain the mine operator. At the end of the first ten year period, the PNG stakeholders will have the option to purchase BNL’s 49 % PNGEITI Head of Secretariat Lucas Alkan remarked that the open discussion throughout the negotiation process on the part of the mine operating lead, Government and landowners has culminated in this agreement signed happily by all parties. “We at the PNGEITI congratulate the Government and the project lead Barrick Gold and other stakeholders for reaching a consensus decision to reopen the mine. “Pogera has been an economic powerhouse for many years and people in the country have been waiting for the outcome. “We commend the Prime Minister, the President and CEO of Barrick Gold Mr. Mark Bristow for the leadership in ensuring that the negotiations were done in the transparent and open manner. “PNG Extractive Industries Transparency highly encourages such openness in the negotiating process for resources benefits and importantly the responsibilities that each stakeholder must take on to ensure smooth flow of proceeds. “We look forward to working with the Government and the project operator in the areas of transparency and accountability to help derive best value for all stakeholders. PNGEITI commitment to reporting on developments in the mining and petroleum space is becoming stronger with new reporting dimensions taking shape as we making progress in promoting transparency and accountability in the PNG mining and petroleum industry” Mr. Alkan said.
PNG Business News - June 14, 2021
BPNG Goes For Review
Treasurer Ian Ling-Stuckey has revealed the terms of reference for a review of the Bank of PNG, as well as the members of the review panel. Former Chief Secretary Robert Igara will lead the study, which was planned in the Supplementary Budget for 2020. Former central bank governor Sir Wilson Kamit and Australian professor Dr Stephen Howes are the two members. “These very eminent people, all of whom have detailed experience of the PNG financial system and reform, will be working to a term of reference approved recently by the NEC,” Ling-Stuckey said. “It is the first review of the central bank and the Central Banking Act 2002 since Sir Mekere Morauta’s financial system reforms when he was prime minister from 1999 to 2002. “Much has changed since then, and the effects of the coronavirus pandemic, along with substantial technological advances, have made the need for a review even more urgent. “The aim is to modernise the bank and the legislation in line with international developments, and make it more responsive to prevailing circumstances while preserving its independence.” The study is scheduled to be finished in time for Parliament's November session. “An independent advisory group was also established by the late Sir Mekere when looking at the changes that led to the Central Banking Act 2000,” he said. “Igara, currently the University of Papua New Guinea chancellor, was chief secretary at the time, and Sir Wilson was the governor of the Central Bank. “Prof Howes, head of the Development Policy Centre at the Australian National University, has long been involved in PNG research and advice and consultation, particularly in relation to national development.” Reference: The National (8 June 2021). “BPNG going for review”.