The Paga Hill Estate site is underway, with aims to attract cruise traffic and change how people experience Port Moresby. Gudmundur Fridriksson, Chairman, Paga Hill Development Company, tells us how he plans to make waves in PNG’s tourism sector.
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Randy Selvaratnam became Chief Commercial Officer for Singapore-based regional logistics provider, Swire Shipping, in June 2024. In this interview, he speaks about the prospects for growth in shipping volumes in and out of PNG, rising freight costs and the move to sustainable biofuels.
Forex shortages in PNG have acted as handbrake on both economic growth and foreign direct investment over the past decade, according to the IMF. However, domestic and concessional investors have been stepping in to keep PNG’s economy moving.
From dawn until dusk, PNG’s dense forests host the melodies of myriad birds, lacking any real predators to stifle their melodies. Fiona Harper provides this field guide to some of the best places to birdwatch in the country.
New Chairperson for Credit Corporation Ltd, FinCorp welcomes new board members, two new additions to PNG CORE board, new CFO for Santos.
New board member for National Banking Corporation, City Pharmacy Limited (CPL) Group appoints new Executive Director,
Wapu Sonk, Managing Director of Papua New Guinea’s state-owned oil and gas company Kumul Petroleum Holdings Limited, spoke about the way forward with the TotalEnergies-led Papua LNG project and the “unexpected blessings” its delay could bring at this month’s 2024 Business Advantage PNG Investment Conference. Watch his exclusive fireside chat.
Rabaul was heavily bombed during the war and devastated by volcanoes, but it pushes on and is a major destination for cruise ships and tourists. Marisa Howden reports on the town’s attractions and its ‘never say die’ spirit.
Credit Corporation was one of two financial institutions to receive PNG commercial banking licences this month, with more new banks planned. Credit Corp’s Chief Executive Danny Robinson outlines his bank’s digital-first approach, while the IFC’s Kevin Gani explains the path forward for other prospective banks.
David Toua, Chairman of the Bank of Papua New Guinea, details how the central bank is tackling the economy’s most pressing issues, including foreign exchange, government debt, and the digital future of banking.