Peter Aitsi, Group Chief Executive Officer of Credit Corporation PNG, says the COVID-19 pandemic has had a significant impact on operations. He tells Business Advantage PNG that the company is moving to a more agile digital platform and diversifying its product range.
A new lender, Savi Moni, is entering Papua New Guinea’s financial services market. Founder and Managing Director Nick Keane tells Business Advantage PNG that the aim is to minimise the burden on employers, provide affordable and responsible loans, and promote financial wellbeing.
With its estimated 760,000 population expected to grow by between 2.5 and four per cent annually, Port Moresby has a challenge to grow successfully. A new urban development plan outlines how it could be achieved.
A new World Bank report on the economic and employment impact of COVID-19 on Pacific Island Countries has shown that the harm to Papua New Guinea’s economy, labour market and education has been extensive.
Health products company SkinnyMe Weightloss has built a business in Papua New Guinea that boasts 10,000 members.
Despite the problems 2020 posed for many of Papua New Guinea’s SMEs, some are entering 2021 with a bang. Business Advantage PNG asked them for their advice on how to thrive in tough times.
Papua New Guinea’s former Prime Minister, Sir Mekere Morauta, passed away last month after a long illness. Paul Barker considers the lasting legacy of PNG’s ‘main reformist prime minister’.
COVID-19, Porgera and politics may have monopolised the attention of the media, but 2020 brought many other challenges, unexpected changes and triumphs for business. Here’s how Business Advantage PNG reported on this extraordinary year.
The prospects for the prices of metals Papua New Guinea exports are mostly positive, reports David James from the recent International Mining and Resources Conference.
The PACER Plus free trade agreement commences on 13 December 2020, revolutionising trade across the Pacific (although not Papua New Guinea yet). Additional countries are set to join the agreement in the coming months.