In late 2021, PNG’s largest superannuation find, Nambawan Super, increased its holding in Paradise Company Limited, owner of Paradise Foods and Laga Industries, to 100 per cent. Michael Penrose, Paradise’s CEO, tells Business Advantage PNG how the fund’s support is helping the food manufacturer expand.
The Pacific Island Forum (PIF) was held last week in Suva. New faces, more journalist and the launch of the 2050 Strategy for the Blue Pacific Continent spell the success of this meeting. Dr Tess Newton Cain and journalist Stefan Armbruster analyse the meeting and what it could mean for the future of the region.
Mayur Resources’ first three mineral projects in Papua New Guinea are now ‘shovel-ready’ and ready for financing, according to a letter to investors issued by Managing Director Paul Mulder this week. Mayur’s low share price remains an issue, however.
Global supply chain issues are having a major impact on many businesses in Papua New Guinea. Business leaders tell Business Advantage PNG that delivery delays and higher costs are causing some projects to be slowed or even postponed in key sectors. There are signs, however, that the global situation is improving.
Hard work is paying off for Yaku Ninich, one of Papua New Guinea’s top fashion designers.
Loyalty schemes have dramatically transformed in Papua New Guinea with customers being offered more schemes, as well as more choice within existing loyalty programs. Here are the loyalty schemes you can’t miss.
Papua New Guinea’s independent power producers are owed in excess of K200 million by state utility PNG Power, which itself is facing revenue challenges, according to industry association, IP3. The situation is being made worse by rising global fuel costs.
Australia’s new government has made it clear that its approach to its relationship with the Pacific will have a new type of engagement. Will it give it a chance to fight the influence of China in the region? Political consultant Jeffrey Wall explores.
Australian miner St Barbara has deferred an expected final investment decision on expanding the Simberi mine in Papua New Guinea and has announced a strategic review into the mine that could see it sold.
The newly-created American Chamber of Commerce Coral Sea is designed to play a key role in opening up business opportunities between US companies and Papua New Guinea, Solomon Islands and Vanuatu. Its inaugural President Peter Larden explains how, and why.