News

Editorial: Mergers and acquisitions activity in Papua New Guinea set to increase

Papua New Guinea's Independent Consumer and Competition Commission is set for a busy few months, as the country looks set for a higher-than-usual level of mergers-and-acquisitions activity. Beyond M&A, there are other developments for investors to look forward to as well.
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People Moves: BSP Financial Group, Nambawan Super, PNGEITI, Twinza, PNG NRL Board, Harmony Gold

New Senior Manager Workforce Planning at BSP, new Chairman at Nambawan Super, new Executive Director of the Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI), new CEO for Twinza, Board for the NRL franchise announced, and more.
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Is Papua New Guinea’s forex crisis finally drawing to an end?

Papua New Guinea’s major banks tell Business Advantage PNG they are now seeing a dramatic fall in foreign exchange backlogs. What’s driving this improved forex availability – and is a permanent solution to this critical business impediment at hand?
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Papua New Guinea begins paving the road to digital government

Papua New Guinea is currently embarked on an ambitious five-year digital transformation plan to improve its government services and lay down digital public infrastructure. We hear from some of the key players on what’s been delivered and what we can expect next.
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Award-winning trial just the beginning of Nasfund’s artificial intelligence journey

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.
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People moves: Kina Bank, Kina Asset Management, Dept of Works and Highways, Bank of PNG, Coral Sea Hotels, and more

New chief of staff at Kina Bank, a new director for Kina Asset Management, a new Secretary of Dept of Works and Highways, new executive structure at the Bank of Papua New Guinea, two appointments at Coral Sea Hotels, and a new country manager for Complex Electrical (CE Group).
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