Super ideas: how to build wealth in Papua New Guinea

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PNG Now spoke with four of the largest superannuation fund’s executives and senior managers for the inside scoop into super.

In brief: ‘historic’ green energy agreement between PNG and Fortescue Minerals and other business stories

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Fortescue and Papua New Guinea Government sign landmark agreement to venture into green energy productions, the Bank of PNG flags two new projects and Minister apologises over Pasca A negotiations. The business news you need today.

In brief: Kina Bank’s new loan for SMEs in Papua New Guinea and other business stories

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Kina Bank announces K50 million for small and medium-sized businesses, Prime Minister Marape’s update on mining projects, and BSP Financial Group cautiously optimistic about Papua New Guinea’s post-COVID recover. The business news you need today. Ports Atlas Steel PNG has been awarded a contract under the PNG Ports Safety and Security Upgrades Program to supply […]

Nambawan Super focused on the long term

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Papua New Guinea’s largest superannuation fund, Nambawan Super, is a major domestic investor across the economy. CEO Paul Sayer talks with Business Advantage PNG about the impact of the COVID-19 pandemic on its investments, and its future plans.

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.