In Brief: KAML announces half-year profit of K1.22m, and other business stories

Kina Asset Management’s half-year net profit, Range View precinct under way, and a local tech company trials its own messaging app. Your weekly digest of the latest business news.

Diving resort on Papua New Guinea’s Loloata Island set for early opening in 2019

A completely redeveloped Loloata Island Resort, just out of Port Moresby, is scheduled to open in February or March of 2019, according to Lew Nielsen, Director of the resort. The signature tourism project is a joint venture of Lamana Development and NASFUND.

Loloata Island Resort gets a makeover

Loloata Island Resort in Bootless Bay, near Port Moresby, is getting a stylish makeover, with the help of the Papua New Guinean super fund, Nasfund.