Herbert Maguma, Managing Partner at Deloitte PNG, speaks with Business Advantage PNG about how investments in digital channels and AI are reshaping Papua New Guinea’s financial services sector. He also goes into detail about the likely impact of a financial greylisting on the PNG economy.
Industry sectors
Retail sales have flattened in Papua New Guinea in the past year. As a result, major retailers are shifting their focus to meet changing customer expectations, as CEOs reveal to Business Advantage PNG.
Chris Daniells became the managing director of Steamships Trading Company in July 2024. In this interview with Business Advantage PNG, he shares progress on multiple Port Moresby projects and explains why Steamships is also bullish on Mount Hagen.
Mark Robinson, Chief Executive Officer of BSP Financial Group, sat down recently for a wide-ranging interview with Business Advantage PNG, in which he shared the bank’s digital transformation plans and its efforts to attract more Papua New Guineans to formal banking.
Nick Fisher, Chief Executive Officer of Steamships Logistics, tells Business Advantage PNG how his firm is preparing for a Papua LNG final investment decision, and takes us inside plans to ensure Papua New Guinea has enough qualified seafarers to support the growth of the shipping sector.
Investments in equipment and processes at Papua New Guinea’s Lae and Motukea international container terminals have delivered results. Robert Maxwell, Chief Executive Officer, ICTSI South Pacific, tells Business Advantage PNG about the changes.
PNGFP has been producing engineered wood products in Papua New Guinea for more than 70 years, but it recently discovered a new avenue for growth, as Managing Director Tony Honey tells Business Advantage PNG.
Twinza and the PNG Government signed the Gas Agreement for Pasca A last December. In this exclusive interview, Twinza’s Stephen Quantrill explains why he believes his firm now has enough certainty to prepare for FID.
Papua New Guinea’s Meetings, Incentives, Conferences and Exhibitions (MICE) sector has grown rapidly over the past few years, with venues competing for business with upgrades, expansions and value adds. Business Advantage PNG looks at the current MICE landscape in the capital.
Late in 2024, a 226-page report by the global Financial Action Task Force was quietly published online that may, according to the experts, have a significant impact on Papua New Guinea’s banking and finance system. Business Advantage PNG takes a closer look.