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.
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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.
Last year, the United Kingdom government used major sporting events like the Commonwealth Games and the Rugby League World Cup to showcase Papua New Guinea coffee. Keith Scott, the UK’s High Commissioner to PNG, tells Business Advantage PNG of further plans to encourage more business with post-Brexit Britain.
A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
On the cusp of the Vodafone PNG’s first anniversary, Business Advantage PNG caught up with recently-appointed CEO, Danny Chew. He reflects on how the new entrant has changed the dynamics of Papua New Guinea’s telco market, and shares what’s in store.
There is broad agreement that Papua New Guinea needs more competition in its banking sector, and several finance companies have flagged their desire to acquire banking licences. What happens next, however, is likely to depend on government action.