Papua New Guinea’s two big super funds on how to improve capital raising

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PNG’s superannuation funds are heavily weighted towards cash and government bonds. But many other opportunities could be developed, senior executives of the two big super funds told the 2019 Business Advantage Investment Conference.

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In brief: Prime Minister James Marape visits Lae and other business stories

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Papua New Guinea Prime Minister James Marape makes his first provincial visit, the Attorney General Davis Steven moves to establish an Independent Commission Against Corruption (ICAC) and companies that don’t comply with the Independent Consumer and Competition Commission (Amendment) Act could face automatic penalties. Your weekly digest of business news. Last week, Prime Minister James […]

People moves: NASFUND, Paradise

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NASFUND welcomes a new Chairman and Paradise Company announces Group CEO. 

Building a success story in Papua New Guinea: Capital Insurance Group

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Regional insurer Capital Insurance Group has been growing rapidly as it develops a strong Pacific footprint. Group Chief Executive Officer Keith Land speaks with Business Advantage PNG about the keys to its success.

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.

In brief: Cost of running APEC close to K1 billion, and other business stories

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Treasurer Charles Abel puts APEC cost between K900-K1 billion, feasibility plans for five ports, export licences for bech-de-mer likely to be slashed. 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.