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.
Freight volumes into PNG’s two major international ports, Motukea and Lae, were up substantially in 2022. New resources projects and transformative investments look set to drive further expansion.
With the worst of the COVID pandemic behind it, Papua New Guinea is preparing itself for a decade of sustained economic growth. While the investments that will drive this growth are still being finalised, business leaders tell Business Advantage PNG the country is already starting to get ready.
Will Papua New Guinea eliminate its fiscal deficit by 2027? Devpolicy’s Kingtau Mambon and Alyssa Leng analyse debt, budget deficit and ‘glimmers of hope’ to answer this pressing question.
With strong production numbers and promising drilling results, the Ramu nickel-cobalt mine in Papua New Guinea is heading for a bright future – and expansion is on the cards. Business Advantage PNG talks to its two venture partners as the mine celebrates 10 years of production.