Former Kraft Heinz subsidiary Hugo Canning has turned the corner in Papua New Guinea under new owners led by Taylor Pacific. And it has big plans in the pipeline, General Manager Jeremy Fry tells Business Advantage PNG.
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Papua New Guinea’s financial institutions are playing a leadership role in digitalising its economy. The country’s bankers talk to Business Advantage PNG about their major investments in new technology, and how this is driving business growth.
International and local visitors will be flocking into town for independence celebrations in September. Here, Mary Tao suggests five side trips in between the festivities.
Major Papua New Guinea superannuation fund Nasfund is pioneering the use of artificial intelligence (AI) with award-winning results. CEO Rajeev Sharma talks about the early wins from using the technology and why this is just the beginning for AI – for the fund and PNG businesses more generally.
Two new appointments at Steamships, new board member for PNGX Group, new head of retail banking at National Banking Corporation, two new partners at Corrs Chambers Westgarth, and three ministerial changes in PNG Cabinet reshuffle.
PNG’s Department of Mineral Policy and Geohazard Management recently released its latest version of the draft Mining Bill. If passed, the Bill will introduce wide-ranging reforms to overhaul the country’s mining sector, according to Sarah Kuman, Partner in Allens’ Port Moresby office.
Recent data indicates visitors to Papua New Guinea are spending more than previously, as key hoteliers in Port Moresby embark on major renovation and expansion plans.
Visitors will be flying in from around the world to celebrate PNG’s 50th anniversary of independence in September. Mary Tao reports on four shows at around the same time that may also attract their attention.
Leaders in PNG’s shipping sector tell Business Advantage PNG that demand is holding firm. But they acknowledge that high global freight rates and the delay to Papua LNG could get in the way of growth.
PNG DataCo and major mobile operators Vodafone and Digicel have all invested heavily in infrastructure of late. Meanwhile, the question remains whether Starlink will gain entry into the PNG market in 2025.