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Madang Resort Hotel

1 May 2008 by Leave a Comment
It’s no surprise to discover that the Madang Resort Hotel is Papua New Guinea’s oldest because that explains how it came to secure such a spectacular location. The 15-acre site, replete with orchid gardens and indigenous wildlife, has absolute water frontage onto Dallman Passage, beautiful Madang Harbour and Yamilon Lagoon. Guests in the executive suites […]
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An appetite for growth

1 May 2008 by Leave a Comment
Papua New Guinea food producer Trukai Industries (‘trukai’ means ‘good food’ in tok pisin) achieved a notable breakthrough at the end of 2007 when it began exporting long-grain rice to drought-stricken Australia, in spite of the fact that PNG grows little rice of its own. The raw material is imported from Thailand then processed in […]
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Star Chamber

1 May 2007 by Leave a Comment
The Papua New Guinea Chamber of Mines and Petroleum is the peak industry body for the country’s resources sector. It has a current membership of over 125 companies, roughly 30% of which are full members—that is, mining and petroleum companies active in PNG. As the industry’s voice, the Chamber has been instrumental in working with […]
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Case study: nation-building with superannuation

1 May 2007 by Leave a Comment
With confidence restored in Papua New Guinea’s superannuation sector, POSF Ltd, one of PNG’s two major superannuation companies, is proactively engaged in nation-building. The ‘wantok’ system of relationships in Papua New Guinea is not only complex but is an integral part of social existence. In essence, one salary-earner may have financial obligations to as many […]
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Island life: Loloata Island Resort

1 May 2006 by 1 Comment
Business Advantage visited Loloata Island Resort, a small diving resort outside Port Moresby and asked owner Richard Knight about the challenges of running a tourism operation in Papua New Guinea. ‘When we decided to set up a resort [in 1977], the idea was to set up a diving resort. PNG has the reputation for being […]
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NASFUND: Cleaning up in superannuation

1 May 2006 by Leave a Comment
National Superannuation Fund, or NASFUND, is representative of the strong leadership now being shown by Papua New Guinea’s financial sector. It wasn’t always so, as the fund’s Chief Executive Officer Rod Mitchell tells Business Advantage. ‘In 1999, we had debts of K155 million and we had net assets of K125 million. Six years later we […]
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S P Brewery: a regional beer

1 May 2006 by 11 Comments
S P Brewery, Papua New Guinea’s major brewer, possesses one of the country’s strongest consumer brands. S P Brewery started in 1951 and launched S P Lager the following year. These days it is majority owned by Singapore-based Asia-Pacific Breweries Ltd, which also owns Tiger Beer. Minority shareholders include PNG’s two largest superannuation funds, POSF […]
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