Papua New Guinea has been growing as a tourism destination, but the number of holiday travellers is still below regional competitors. A report suggests that to address this ‘holiday market gap’, PNG needs to develop a new skill.
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The 20-year National Road Network Strategy to improve Papua New Guinea’s roads is about to begin. David Wereh, Secretary of the Department of Works & Implementation, says the strategy aims to address both maintenance of existing roads and building new connections.
Bank South Pacific is broadening its digital offering, according to Nuni Kulu, BSP’s General Manager, Digital. She told the 2019 Business Advantage Papua New Guinea Investment Conference that technology is driving big changes in the banking landscape.
Lae, Papua New Guinea’s second-largest city, is again emerging as a key location for investment. Far from drawing investors away from capital Port Moresby, a buoyant Lae could actually be good for both cities, say representatives from the two cities’ business chambers.
The International Finance Corporation is undertaking a scoping study of the Markham and Ramu valleys to assess agricultural opportunities in Papua New Guinea. The results will help to develop a win-win business model for agri-investors and customary landowners.
In recent times, Fijian companies have been attracted to Papua New Guinea because of the size of its market. There are plenty of reasons for PNG companies to look in the other direction.
The president and co-founder of the Surfing Association of Papua New Guinea (SAPNG) is pushing ahead with plans to establish surf tourism in Bougainville, perhaps one of the last frontiers for the sport in the world.
Sundar Ramamurthy, Managing Director of Invoc Pty Ltd and former CEO of Bmobile Vodafone and DataNets, explains lower prices are critical if the Coral Sea Cable Network is to be a game changer for internet users in PNG.
Niunet is a startup company aiming to disrupt the education sector of Papua New Guinea. In an exclusive interview with Business Advantage PNG, Chief Technical Officer David Valentine, talks about his plans after winning in Seedstars, the startup competition for emerging markets.
PNG’s superannuation funds are heavily weighted towards cash and government bonds. But many other opportunities could be developed, senior executives of the two big super funds told the 2019 Business Advantage Investment Conference.