Superannuation company Nasfund continues to deliver positive returns to its members, Chief Executive Ian Tarutia tells Business Advantage PNG. But weak economic conditions in Papua New Guinea, foreign exchange restrictions and rising unemployment mean the organisation has to be agile.
After 20 years building a successful transport company, Mapai Transport founder Jacob Luke is exploring ways to correct PNG’s trade imbalance with NZ, and providing training opportunities for young Papua New Guineans.
Anitua’s independence strategy, known as the ‘Lihir Destiny’, for Papua New Guinea’s largest and most successful landowner company will continue under its new CEO, John Gethin-Jones. He tells Business Advantage PNG that key focusses are constant review of activities and staff development.
Production at Crater Mountain’s High Grade Zone provided junior mining company Crater Gold Mining with the stability it needed throughout difficult market conditions and provided capacity for exploration. Managing Director Russ Parker tells Business Advantage PNG the past few years have been extraordinarily difficult for junior explorers to raise capital to exploit their assets.
Becoming a market leader requires developing the right strategic intent, QBE’s Matthew Kearns tells Business Advantage PNG. That means understanding your company’s goals and value proposition, and planning effectively.
The Brian Bell Group is a diversified retail conglomerate that is one of PNG’s oldest companies. Executive Director Ian Clough tells Business Advantage PNG that the company will continue to grow by identifying areas of opportunity.
The security market in Papua New Guinea is one of the country’s largest industries. Brian Kelly, Chief Executive of Black Swan International tells Business Advantage International that to manage staff effectively there needs to be some special management approaches.
Reinvesting earnings and paying attention to the core customers has enabled engineering and industrial suppler Bishops to ride out the peaks and troughs of the Papua New Guinea economy. General Manager Len Pianta explains to Business Advantage PNG how the company has taken a long term view.
For the first time the uniforms of Papua New Guinea’s Olympic athletes have been fully made locally by a PNG-owned company. That company is Wantok Clothing and founder Genevieve Igara tells Business Advantage PNG that it has shown what is possible.
Two years ago, Port Moresby based ICT company, Kumulsoft, branched out into writing tailored software products for local companies and government departments. Now they have six major clients on the books, as well as a number of law firms. Partner Marsh Narewec explains their success to Business Advantage PNG.