New chair for PNG AIR
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ANZ Bank and Kina Bank have announced they have entered into an agreement for ANZ to sell its retail and commercial/small-to-medium-sized enterprise (SME) banking businesses to Kina for K24.2 million. Both banks claim the move is in line with their strategies.
An K331 million undersea cable linking Papua New Guinea, Solomon Islands and Australia is expected to be up and running by the end of 2019. It follows concerns by Australian officials that if China’s Huawei telco built the project, it could access Australia’s telecommunications infrastructure, creating national security concerns.
Prime Minister O’Neill on trade visit to China, state of emergency in Southern Highlands, and the future of trade tariffs on tuna exports to the UK. Your weekly digest of the latest business news.
The Director-General of the World Trade Organisation (WTO), Roberto Azavedo, has described world trade rules as being tilted towards the interests of more powerful countries. Speaking in Port Moresby recently, he said it is up to the private sector to lobby governments to act on its behalf.
New energy projects in the Asia Pacific are creating workforce challenges according to Calum Smith, Senior Vice President of Asia Pacific at HR consultancy, Airswift. In terms of roles, he says no other area in energy is growing as fast as renewables.
Horticulture is one of Papua New Guinea’s most prospective industries. Nalau Bingeding reports on a grassroots enterprise that has the potential to grow in PNG.
Papua New Guinea has untapped leisure tourism potential, according to Marc Ehler, recently appointed Group General Manager of Coral Sea Hotels. After a busy APEC year, he tells Business Advantage PNG he is expecting greater competition in 2019.
The Paradise Annual 2018, featuring stories and photos about Papua New Guinea’s travel and culture, has just been been released. The special collectors’ publication includes the most popular stories and photos that have featured in the regular issues of Paradise, the in-flight magazine of Air Niugini.
Togolo and Abel acknowledged in Queen’s Birthday honours list.