PNGX-listed Steamships Trading Company, which owns businesses across logistics, property and hospitality, last year achieved impressive 12 per cent revenue growth. Business Advantage PNG recently caught up with its Managing Director Rupert Bray to learn about its ambitious plans to grow further.
In addition to the ongoing refresh of its inventory, recently appointed General Manager Robert O’Brien also plans to revitalise the dining experience for guests with some exciting new dining experiences planned for later this year.
There’s every likelihood that a takeover of Newcrest Mining by Newmont Corporation will be completed by the end of this year. But how will this affect Newcrest’s Papua New Guinea-based assets – the Lihir gold mine and the Wafi-Golpu project?
The Bank of Papua New Guinea, the country’s central bank, is undergoing notable changes. Its Chairman, David Toua, comments on what’s behind the changes, the challenges faced by the bank and the road ahead for foreign exchange.
CEO Danny Robinson walks Business Advantage PNG through plans to become a niche commercial bank after the [bank] regulator recently fast-tracked the finance company’s application for a full banking licence in Papua New Guinea.
While Papua New Guinea’s tourism sector is still rebounding from COVID-19, a new strategy for the sector, plus key infrastructure investments, looks set to support future growth.
Leata Alaimoana Queensland’s recently-appointed Trade Commissioner to the the Pacific, speaks with Business Advantage PNG about plans to strengthen the Sunshine State’s economic presence with its closest neighbour, PNG.
While higher costs, supply chain glitches and restricted trading have underpinned a tough two years, the head of Heineken-owned SP Brewery foresees better times ahead.
Before he handed over the baton to incoming CEO Rajeev Sharma last month, Nasfund’s long-serving CEO Ian Tarutia, spoke to Business Advantage PNG about his time in charge of Papua New Guinea’s largest private sector superannuation fund – and where PNG’s economy might go from here.
International hotel chains are finally arriving en masse in Papua New Guinea. Business Advantage PNG takes a closer look at this noteworthy property trend.