In this exclusive interview with Business Advantage PNG, Port Moresby Chamber of Commerce and Industry President Rio Fiocco, outlines the numerous challenges facing business in Papua New Guinea as 2021 gets under way.
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Young Papua New Guinean entrepreneurs are helping to reactivate the country’s economy with new ideas and thriving projects. In this two-part special, meet some rising stars who are setting the pace for a reinvigorated innovation nation.
John Byrne, President of the Lae Chamber of Commerce, tells Business Advantage PNG that, although there is an underlying level of confidence in PNG’s second city, infrastructure projects and investment are urgently needed.
A new lender, Savi Moni, is entering Papua New Guinea’s financial services market. Founder and Managing Director Nick Keane tells Business Advantage PNG that the aim is to minimise the burden on employers, provide affordable and responsible loans, and promote financial wellbeing.
With its estimated 760,000 population expected to grow by between 2.5 and four per cent annually, Port Moresby has a challenge to grow successfully. A new urban development plan outlines how it could be achieved.
Health products company SkinnyMe Weightloss has built a business in Papua New Guinea that boasts 10,000 members.
Despite the problems 2020 posed for many of Papua New Guinea’s SMEs, some are entering 2021 with a bang. Business Advantage PNG asked them for their advice on how to thrive in tough times.
COVID-19, Porgera and politics may have monopolised the attention of the media, but 2020 brought many other challenges, unexpected changes and triumphs for business. Here’s how Business Advantage PNG reported on this extraordinary year.
Finding a safe and reliable taxi service in Port Moresby can be an issue, but entrepreneur Isaac Jipsy has developed ODESH, an online solution that is changing the way taxi services operate in Papua New Guinea’s capital.
The global economy is recovering faster that expected, according to Douglas Porter, Chief Economist and Managing Director of Canadian investment bank, BMO Financial Group.