Managing generational change is a big challenge for any business. We meet 26-year-old Max Puritau, who has taken over his parents’ business, Paradise Spices, and is seeing exports soaring.
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Japanese investment in Papua New Guinea’s gas resources has increased, with Japan’s second largest gas company buying a 40% stake in Australia’s Horizon Oil, which has an interest in several PNG petroleum leases.
‘A work in progress’ is how Brett Andrew describes his rebuilding of the decades-old Papua New Guinea finance firm, RIFL.
Paul Barker argues for a far greater emphasis on Papua New Guinea’s largest most widespread economic activity—agriculture.
Papua New Guinea’s largest bank, BSP, has joined PNG’s growing mobile wallet market, with the launch last week of Wantok Moni.
The new President of Papua New Guinea’s Chamber of Mines and Petroleum is concerned about the impact of falling commodity prices. Smaller profits may see some of PNG’s resources projects put on the backburner, he warns Business Advantage PNG.
John Tangit has been appointed Acting CEO of PNG Power, following the resignation of Tony Koiri.
Law and order is back on the agenda, with this week’s National Haus Krai on violence against women, Australia reactivating its assistance to the PNG’s police and the Government committing itself to heavier punishments for some key offences. But solving PNG’s law and order problems will require much more, says Alan McLay.
Interview: departing CEO Ian Clyne on three companies that have transformed Papua New Guinea forever
After five years as ‘boss bilong BSP’, Ian B Clyne completes his five-year appointment as the CEO of PNG’s largest bank at the end of this month. Business Advantage PNG caught up with him for one final chat.
Kina Assets Management Limited (KAML), Papua New Guinea’s first and only listed investment company, has announced a return of 7.2% for the first quarter of 2013.