Kina Bank to open new branches in Papua New Guinea, Minister for Information & Communication Technology launches new ICT plan, and Nambawan Super starts construction of Waigani office complex. The business news you need today.
Nambawan Super
PNG Now spoke with four of the largest superannuation fund’s executives and senior managers for the inside scoop into super.
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.
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.
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.
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.
Former Pacific Island Forum Secretary General joins Nambawan Board.
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 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.
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.