Business PNG Episode – 9, 2014

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In this episode:

 

This week’s episode of Business PNG confronts the decline in the country’s Coffee Industry. Several years ago, the commodity used to be the top selling commodity for PNG, fetching nearly a billion kina in exports. But, its recognitions in the world market have slowly begun to die out as the export level dropped..

Local farmers have been battling against instability in coffee prices and poor support within The industry while poor infrastructure such as roads, high freight costs and inadequate farmers training have contributed towards its gradual decline.

 

Accompanying the recent coffee policy launched by Prime Minister O’Neill and other government officials during a recent trip to Goroka, this story by EMTV’s Lae Bureau correspondent, Edwin Fidelis, reports on the current state of the industry and the government’s plans to revive the industry.

 

Also on this episode, the recent ousting of Don Polye by PM O’Neill from the Treasury’s sit, as well as other reshuffles in cabinet, what is seen as a move to eliminate ‘instability in the government’ may or may not as a result have caused more damage than good. Now with all that has happened, experts say that good relationships foster political stability and political stability means economic growth. Business PNG asks the question; will these political reshuffles foster political stability and what is its impact on the country’s global image.

https://youtube.com/watch?v=OfuJ0EbrN4c%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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