Port Moresby’s former port facility has been rezoned, had its masterplan approved, and is now ready for investors’ expressions of interest. Business Advantage PNG takes a closer look at the project.
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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.
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.
Port authority PNG Ports Corporation is “re-conceptualising” Papua New Guinea’s ports into business and logistics hubs, beginning with the signature Westside project in Lae. A bullish Chief Executive Neil Papenfus outlines its plans to upgrade ports across the country.
PacWealth Capital has acquired the AON Master Trust in PNG superannuation fund and rebranded it as PacSuper. Eric Kramer, Chief Executive of PacSuper, tells Business Advantage PNG about the fund’s growth plans and explains why it is different from the incumbents.
Benefitting from increased business activity in Papua New Guinea’s mining sector, Lae-based construction company Hornibrook NGI is looking to further diversify into property development. Business Advantage PNG speaks to Managing Director Matthew Lewis to learn more.
The ambitious housing development from Rhodes PNG Limited is a “first of its kind” land-use model that aims to deliver affordable housing to the country’s rising middle class.
Duffy has become a household name in Port Moresby. General Manager Chris Shine talks about the keys to the cafe business’ incredible success and its exciting, innovative plans for the future.
The Lae International Hotel is in the midst of a multi-year, K30 million refurbishment that will see it consolidate its position as the premier hotel in PNG’s second-largest city. General Manager Alok Kedar talks Business Advantage PNG about the grand plans.
PNG Hydro Development Company’s new Edevu Hydro project is the latest project to address the long-term investment deficit in Port Moresby’s energy grid.