In brief: Prime Minister says deal for Porgera’s reopening imminent and other business stories

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Prime Minister Marape says government is ‘poised to sign’ a deal to reopen the Porgera mine, World Bank to help PNG Power and OK Tedi Mining resumes operations.

People moves: Nambawan Super

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Former Pacific Island Forum Secretary General joins Nambawan Board.

People moves: Credit Corp, PacTow, New Zealand High Commission, Nambawan Super

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CEO resigns from Credit Corp, Pacific Towing welcomes a new Operations Manager, New Zealand announces a new Deputy High Commissioner to Papua New Guinea, and Nambawan Super appoints four Trainee Directors to the Board.

Kina readies fund to help Papua New Guinea’s SMEs unlock their potential

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Kina Bank’s Chief Executive and Managing Director Greg Pawson is expecting to start the SME Capital Fund this year, which will offer PNG businesses a new way of raising money. He tells Business Advantage PNG it should help business expand.

COVID-19 impact on Papua New Guinea superannuation funds

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A study of retirement funds in the Pacific suggests Papua New Guinea’s superannuation funds should diversify their investments more. It also says COVID-19 has had an effect on the funds’ liquidity.

People moves: Westpac, Nambawan Super, Kumul Telikom, Capital Insurance

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Nambawan Super elects a new Chairman, Westpac announces a Chief Executive, Specialist Business, Chairman of Kumul Telikom Holdings resigns, and CEO confirmed at Capital Insurance.

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: Porgera Landowners Association presents a petition to renew mining lease and other business stories

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The future could look bright for Porgera gold mine, Western Province announces its position on P’nyang, and Papua New Guinea’s Treasurer says non-resource growth for 2020 is projected at 3.3 per cent. The business news you need to kick-start your week.

Boardroom briefing: the challenges of upgrading an airline fleet, Bougainville boost and designing happy workplaces

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Future-proofing Papua New Guinea’s national airline, the first beneficiary of the Bougainville Referendum, and planning workspaces to help increase productivity. Readings from around the world on business, leadership and management.

Building and Construction: a sector profile

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A profile of the building and construction sector in Papua New Guinea, including information on acquisition of land, approvals, building boards and taxes.

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