Craig Kirkland is Director, Pacific Islands for global payments giant, Mastercard. We caught with him as he prepares to visit Papua New Guinea this coming November to address the Innovation PNG 2023 conference in Port Moresby.
Innovation PNG: Four questions for Craig Kirkland, Mastercard Pacific Islands
Welcome,
11 Oct 2023 by 1 Comment
Better times ahead on foreign exchange, says Bank of Papua New Guinea Acting Governor
Welcome,
11 Oct 2023 by 2 Comments
September was another tough month for availability of foreign exchange in Papua New Guinea, but central bank Acting Governor Elizabeth Genia has moved to reassure business that the bank is committed to supporting the kina as it adjusts to a lower level against the US dollar. She’s also flagging better times ahead on forex.
Private sector investment targeted to redevelop Papua New Guinea state assets
Welcome,
13 Sep 2023 by 4 Comments
Some key Papua New Guinea state assets, including the site of Port Moresby’s old port, are being readied for redevelopment, with private sector investment being sought. The move is being guided by a new investment strategy from state holding company, Kumul Consolidated Holdings.
Niugini Assurance’s CEO lays out plans to continue its strong growth
Welcome,
12 Sep 2023 by 3 Comments
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.
Conference catches Papua New Guinea of the cusp of a new era of investment
Welcome,
21 Aug 2023 by Leave a Comment
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.
No hard devaluation of the kina, says Bank of Papua New Guinea Governor
Welcome,
21 Aug 2023 by Leave a Comment
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.
In brief: Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, and other business stories
Welcome,
17 Aug 2023 by Leave a Comment
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.
State of Emergency declared to ‘maintain and stabilise’ Papua New Guinea’s fuel supply
Welcome,
2 Aug 2023 by 2 Comments
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.
In brief: PNG Power’s tariffs rise for the first time in a decade and other stories
Welcome,
1 Aug 2023 by Leave a Comment
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.
People moves: People’s Micro Bank, Kina Bank
Welcome,
1 Aug 2023 by Leave a Comment
A new Chairman for People’s Micro Bank and a new head of comms at Kina Bank.
USD 0.2634
AUD 0.4094
GBP 0.2127
EUR 0.247
NZD 0.4457
JPY 40.76
SGD 0.3586
Recent readers’ comments