People Moves: Digicel, Remington Group, Port Moresby Chamber of Commerce and Industry, Kina, Nambawan Super

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Digicel Papua New Guinea announces new head of HR, Remington Group welcomes a manager to its marketing team and POMCCI appoints a new CEO.

Economic update: Papua New Guinea’s economy gathers pace

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After years of low growth, the Pacific’s largest economy is looking to benefit from new resources and infrastructure investment—plus a dividend from hosting APEC 2018. Business Advantage PNG’s Andrew Wilkins talks with Papua New Guinea’s business leaders about the year ahead.

In brief: ANZ Bank expects kina to rise with next round of LNG projects, and other business stories

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ANZ Bank expects Kina to rise above $0.35 cents from early 2020, Ramu 2 hydropower project to commence next March, and security preparations for APEC step up. Your weekly digest of the latest business news. 

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

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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.

The key factor Papua New Guinea’s banks and super funds look for before they will invest in your business

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To get investment into Papua New Guinea businesses, sound governance is essential. That was the view expressed by super fund managers, bankers and advisers at Business Advantage’s Investment conference in Brisbane.

Super fund executives outline their investment strategies

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How do Papua New Guinea’s two largest super funds, Nambawan Super and NASFUND, make investment decisions on behalf of their members? Two senior executives provide their investment guidelines, which have led both funds to perform well in difficult economic conditions.

In brief: Newcrest revises Wafi-Golpu plan, and other business stories

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Newcrest plans larger development at Wafi-Golpu, O’Neill confident Papua New Guinea will recover from quake and loan to cover government superannuation debt. Your weekly digest of the latest business news.

In brief: Nambawan Super profit of K406 million, and other business stories

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Nambawan Super profit of K406 million, Bank South Pacific reports net profit of K1.99 billion, government agencies locked out of offices for allegedly non-payment of rents. Your weekly digest of the latest business news.

Five questions for Nambawan Super CEO, Paul Sayer

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Super fund Nambawan Super is one of the largest sources of investment capital in Papua New Guinea. Paul Sayer was appointed CEO last August; he talks Business Advantage PNG about the fund’s approach to investments.

How to open up Papua New Guinea’s capital markets

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Could Papua New Guinea Government bonds and treasury bills soon be purchased anywhere in the world with the click of a button? A new working group aims to look at ways to modernise the way the country raises money.