House prices still remain out of reach for most Port Moresby residents, according to a report by the National Research Institute. It says that changing the approach to customary land has become necessary because state land is running out.
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Business Advantage PNG’s PNG 100 CEO Survey of chief executives in Papua New Guinea’s biggest companies has found that profit expectations were only partly met last year, but there are signs of growing confidence in 2018.
Access to land is preventing New Britain Palm Oil from expanding its beef and palm oil production businesses. PNG Country Manager Robert Nilkare tells Business Advantage PNG, there is a need to develop more agriculture leases in Papua New Guinea.
A well-managed economy and a 20-year vision are two reasons Credit Corp has set up shop in Timor-Leste. Country Manager, Chris Durman, outlines his own vision to Business Advantage PNG.
Super fund Nambawan Super is one of the largest sources of investment capital in Papua New Guinea. Paul Sayer was appointed CEO last August; he talks Business Advantage PNG about the fund’s approach to investments.
Papua New Guinea technology company Datec is developing a ‘winning’ culture, according to Chief Executive Stanley Ng Plyler. He tells Business Advantage PNG that the company is looking to achieve both tangible and intangible improvements.
The establishment of a Sovereign Wealth Fund (SWF) in Papua New Guinea is likely to take more than a year, according to Zanie Theron, Managing Partner of professional services firm KPMG, which is advising the government. She tells Business Advantage PNG that, although there are challenges, positive signs can be observed in the business environment.
Changing the way aid is configured to focus on improving the financial system could help Papua New Guinea gain access to much needed capital for its infrastructure needs, says Stephen Nash, the former Chief Investment Officer for Nambawan Super.
Greg Pawson, the newly appointed Chief Executive of Kina Securities, has said that the world economy is showing signs of recovery, which will have a positive effect on the economy. But he believes that Papua New Guinea still faces big structural challenges.
Carolyn Blacklock has been appointed the new acting Managing Director of PNG Power. Business Advantage PNG talks to her about where the utility is headed.