New acting CEO for NBC, new country head for ADB, new CEO of the PNG Chiefs, new Head of Corporate and Commercial Banking at Westpac PNG, new Executive General Manager Wealth Management at Kina Bank, new CEO – Cement at Pacific Lime and Cement, new Regional Vice President for Asia and the Pacific for the IFC, and ministerial changes.
Speakers at this year’s 2025 Business Advantage PNG Investment Conference touched on a range of key themes, including the need to strengthen the country’s institutions and its ‘human capacity’, and provided updates on key projects such as PNG Power’s turnaround plan, major resources projects and the strategies of leading banks and financial institutions.
Papua New Guinea has taken positive steps to improve the performance of its state-owned enterprises, but further reforms are needed to deliver lasting gains, Laure Darcy, one of the Asian Development Bank’s leading SOE experts for the Pacific, tells Business Advantage PNG.
At this stage, it appears that Papua New Guinea will likely be greylisted by the Financial Action Task Force in early 2026. Zanie Theron, Partner-in-Charge of KPMG’s South Pacific practice, shares what PNG has done so far on greylisting, and the steps the country still must take to address this very serious risk.
Business leaders are not quite ready to call it, but there are promising signs as Papua New Guinea celebrates its 50th anniversary of independence. Business Advantage PNG spoke with the country’s top CEOs to learn more about current business conditions.
New ADB Director General for the Pacific.
The United States’ Trump Administration’s freeze on foreign aid will be felt around the world, including in Papua New Guinea. Terence Wood of the Australian National University’s Development Policy Centre breaks down the potential impact on PNG and the Pacific.
Disruptive technology, Papua New Guinea’s next wave of infrastructure and resources projects, and the rising influence of ESG on business are some of the topics to be covered by the upcoming 2024 Business Advantage PNG Investment Conference.
The major redevelopment of the airport that serves PNG’s second city, Lae, means the country now has a second airport – Nadzab Tomodachi – capable of welcoming international flights. Business Advantage PNG visits the new facility.
Proposed amendments to the laws governing Papua New Guinea’s capital markets aim to open up the market to more ways of raising capital and strengthen governance in the sector.