Cracking investment: Nambawan Super investment fuels growth at Paradise Foods

In late 2021, PNG’s largest superannuation find, Nambawan Super, increased its holding in Paradise Company Limited, owner of Paradise Foods and Laga Industries, to 100 per cent. Michael Penrose, Paradise’s CEO, tells Business Advantage PNG how the fund’s support is helping the food manufacturer expand.
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Supply chain causing major stress for Papua New Guinea’s businesses

Global supply chain issues are having a major impact on many businesses in Papua New Guinea. Business leaders tell Business Advantage PNG that delivery delays and higher costs are causing some projects to be slowed or even postponed in key sectors. There are signs, however, that the global situation is improving.
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In brief: China to support Papua New Guinea’s Ihu Special Economic Zone and other business news

China reaffirms its commitment to supporting the development of the Ihu Special Economic Zone, Vanimo Airport officially reopens, and Ok Tedi Mining to open a museum to highlight its history and legacy. The business news you need this week.
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Technology & growth: Moni Plus looks to a banking licence and IPO

Despite the pandemic’s severe economic impacts in Papua New Guinea, financial institution Heduru Moni Limited (trading as Moni Plus) achieved record-breaking revenues and profits in 2021. Business Advantage PNG sat down with the company’s new CEO, Aho Baliki OBE, to discuss its successes and ambitious plans for growth.
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Security & strategy: online payments to transform Internal Revenue Commission

Papua New Guinea's Internal Revenue Commission (IRC) recently established an online payment portal, ‘myIRC,’ as part of its strategy to take the country's tax system online. Business Advantage PNG sits down with Commissioner General Sam Koim to see how it is going and discuss the IRC's long-term strategy.
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