Since launching as the new kid on the block in 2020, Nuigini Assurance has become a significant player in the country’s competitive insurance sector. Shareholder and interim CEO, Opi Loi, walks Business Advantage PNG through the key drivers of its success so far, and its plans for growth.
Investment and partnership opportunities were a focus at this year’s 2023 Business Advantage Papua New Guinea Investment Conference in Brisbane, with numbers exceeding pre-COVID levels.
With a new strategy to manage Papua New Guinea’s foreign exchange shortages expected soon, the Bank of Papua New Guinea’s Acting Governor, Elizabeth Genia, has moved to reassure business leaders that a devaluation of the country’s currency is not on the cards.
Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, Airbus wins race to replace Air Niugini fleet, while Securities Commission revokes Melanesian Trustee Services Limited’s trustee license. Your business news in brief.
In direct response to the ongoing disruption of fuel supplies in Papua New Guinea, Petroleum Minister Kerenga Kua has declared an extraordinary 30-day State of Emergency.
Energy regulator announces an increase in power prices to support the rehabilitation of PNG Power, Nambawan Super threatens to lock out its government tenants and Wafi-Golpu negotations continue. Your business news in a nutshell.
A new Chairman for People’s Micro Bank and a new head of comms at Kina Bank.
After over three years’ closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
Reforms to Papua New Guinea’s capital markets, Securities Commission of PNG to investigate the potential sale of minority stake in Trukai Industries, and Newmont and Newcrest told of government’s expectations. Your news in brief.