Diversify and conquer: what the future holds for Credit Corp in Papua New Guinea

Welcome,

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.

In brief: Papua New Guinea’s economy has the potential to reach K200 billion in the next 10 years and other business stories

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Papua New Guinea’s Prime Minister talks business during Independence dinner, Tari Airport reopens and Treasurer Ian Ling-Stuckey on the Central Banking Act. The business news you need to know to kickstart your week.

People moves: Credit Corporation PNG, Ela Motors, PNG Air, Employers Federation, IFC

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Credit Corporation announces a Chief Operating Officer, Ela Motors welcomes its CEO, the Employers Federation of Papua New Guinea announces a new head, PNG Air appoints an Acting CEO and Solomon Islands gets a new IFC Country Officer.

In brief: World Bank anticipates drop in exports for Papua New Guinea and other business stories

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The World Bank predicts lower export revenue for Papua New Guinea, fuel prices set to fall, and retailer appeals for calm. The business news you need to kickstart your week. 

In brief: Papua New Guinea announces plans for ‘partial privatisation’ of state-owned enterprises and other business stories

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Papua New Guinea’s Minister for State Enterprises announces plans for ‘partial privatisation’ of state-owned enterprises, P’nyang negotiations between ExxonMobil and PNG could resume and company reporting season. The business news you need to kickstart your week.

People moves: Kumul Consolidated Holdings, Credit Corp, Harmony Gold, Australian High Commission, Parliament, Fiji High Commission

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New MD for Kumul Consolidated Holdings, Credit Corporation creates a new role, new executives at Harmony Gold, new Australian and Fijian High Commissioners, and one of PNG’s permanent parliamentary committees gets a new chair.

In brief: Papua New Guinea’s Prime Minister pledges to raise the country’s cash revenue to K15 billion

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Prime Minister James Marape has made a pledge to raise Papua New Guinea’s cash revenue to K15 billion over the next two years, Kumul Consolidated Holdings falls K400 million short from what was budgeted for 2019, and a reconciliation ceremony is proposed between the National Government and the Autonomous Region of Bougainville.

People moves: PNG FM, Institute of Business Studies University, Credit Corp

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PNG FM appoints a new member to its board, the Institute of Business Studies University welcomes a Chancellor and a resignation at Credit Corporation.

In Brief: UK’s post-Brexit deal with Papua New Guinea and other business stories

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Post-Brexit deal signed with Papua New Guinea and Fiji, new digital identity scheme and upgrades to Tari Airport in Hela. Your weekly digest of the latest business news.

People moves: Credit Corporation

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A new chairman for Credit Corporation