In Brief: Kumul Petroleum and MRL Capital sign a Memorandum of Understanding and other business stories

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Kumul Petroleum Holdings and MRL Capital sign Lihir energy MOU, the CEO of Bank South Pacific sees ‘positive signs’ in Papua New Guinea’s economy and CPL’s new warehouse rises from the ashes. Your weekly digest of business news.

In Brief: Kina Bank gets regulatory approval to acquire ANZ assets in Papua New Guinea and other business stories

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Kina Bank acquisition of ANZ assets gets regulatory approval, NASFUND members paid K8.5 million in interest and Nautilus to be delisted. Your weekly digest of business news.

In Brief: UK’s post-Brexit deal with Papua New Guinea and other business stories

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Post-Brexit deal signed with Papua New Guinea and Fiji, new digital identity scheme and upgrades to Tari Airport in Hela. 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.

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

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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.

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: Prime Minister O’Neill on trade visit to China, and other business stories

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Prime Minister O’Neill on trade visit to China, state of emergency in Southern Highlands, and the future of trade tariffs on tuna exports to the UK. Your weekly digest of the latest business news.

People moves: PNG Air, Papua New Guinea Chamber of Commerce and Industry, Works Dept., Corrs Chambers Westgarth, NASFUND

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The CEO of PNG Air resigns, the President of the Papua New Guinea Chamber of Commerce and Industry quits, Works Secretary re-appointed, a promotion to Partner at a Corrs Chambers Westgarth, NASFUND appoints a brand ambassador

Loloata Island Resort gets a makeover

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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.

People moves: NASFUND, PNG Power

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Two new directors at NASFUND, a new Chairman at PNG Power