Toyota Tsusho (PNG) Ltd, better known as Ela Motors, is Papua New Guinea’s largest vehicle retailer, with a market share of around fifty percent. Its CEO, Mitsuyoshi Okutsu, discusses the impact of COVID-19, new investment plans and how technology is transforming the motor industry.
Bank South Pacific has just announced its 2020 financial results amid tough trading conditions. CEO Robin Fleming talks to us about the bank’s plans for 2021, foreign exchange shortages, and the need for greater competition.
In this exclusive interview, Wapu Sonk, Managing Director of Kumul Petroleum Holdings, looks ahead to the next decade of Papua New Guinea’s petroleum and gas sector.
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.
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.
Dulciana Somare-Brash is a Political Advisor to the PNG Ministry of National Planning and Monitoring and the United Labor Party. If her maiden name sounds familiar, that is because she is the daughter of Papua New Guinea’s founding father, Michael Somare, and Lady Veronica Somare.
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.
Peter Aitsi, Group Chief Executive Officer of Credit Corporation PNG, says the COVID-19 pandemic has had a significant impact on operations. He tells Business Advantage PNG that the company is moving to a more agile digital platform and diversifying its product range.
JMP Securities has acquired Bank South Pacific’s stockbroking business in Papua New Guinea. Co-founder and Managing Director Lars Mortensen tells Business Advantage PNG he sees great opportunity for growth.
Despite initial concerns about the impact of COVID-19, Swire Shipping’s data shows only a marginal reduction in freight volumes. Alistair Skingley, the company’s Country Manager for Papua New Guinea and the Solomon Islands, tells Business Advantage PNG that the company is upgrading its offerings in the expectation of solid growth in 2021.