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

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

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

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

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

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

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

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

Local knowledge and ‘being there’ critical for business success in the Pacific region

Looking to invest successfully in the Pacific? There’s no substitute for understanding your market and its people, and for being on the ground. Three successful regional investors also outlined to the Business Investment PNG Conference which sectors have the most potential.

Papua New Guinea Investment Conference ‘a resounding success’

The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.

In brief: Tenders out for Highlands Highway upgrade, and other business stories

Government puts out tenders for the first part of a K3 billion Highlands Highway upgrade, demand for foreign currency falls, and report that 31 per cent of log exports from illegal SABLs.