News

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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National Banking Corporation chair shares roadmap to public listing

State-owned National Banking Corporation (NBC) secured a commercial banking licence in December 2024. In this exclusive interview, Chairman Darrell Seeto shares his plans to get the bank to profitability and a listing on Papua New Guinea's stock exchange.
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People moves: Ministerial changes, Ok Tedi Mining Limited, Westpac PNG, PNG Ports Corporation, PNG Power Ltd, Department of ICT

National Executive Council reshuffle, a new Chief Executives for PNG Power and Westpac PNG, OTML Chairman resigns, a new COO for PNG Ports and a reappointment at the Department of ICT.
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Economic update: Will 2025 be Papua New Guinea’s golden year?

Business leaders are not quite ready to call it, but there are promising signs as Papua New Guinea celebrates its 50th anniversary of independence. Business Advantage PNG spoke with the country's top CEOs to learn more about current business conditions.
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