PNG’s largest superannuation fund, Nasfund, released its annual results earlier this month. Business Advantage PNG spoke with its Chief Executive Officer Ian Tarutia.
NASFUND
If foreign investors have generally been wary of investing in Fiji since the 2006 coup, Papua New Guinea has been the exception.
Bob Hansen, appointed Mainland’s Chief Executive Officer in May 2012, provides an insight into the challenges the company is facing, and outlines a strategy to place it on a sustainable and profitable footing.
Papua New Guinea isn’t just a producer of mineral and agricultural commodities. As its economy grows, so does a substantial manufacturing sector.
Farming expertise, rich soil and high rainfall are behind Papua New Guinea’s organic strength.
After strong performances in 2009 and 2010, the Port Moresby Stock Exchange (POMSoX) experienced a tough 2011, as did many bourses around the world.
With PNG expected to grow faster than China in 2011, Business Advantage examines just who is investing in PNG and in what sectors, and asks where the best opportunities lie in the future.
Papua New Guinea’s largest steel fabricator, Hornibrook NGI, provides of a wide range of products and services to the country’s mining and petroleum industry.
Information and communications technology (ICT) reform in Papua New Guinea is not only delivering cheaper prices and stronger competition: it is also helping businesses devise a new generation of innovative services.
National Superannuation Fund, or NASFUND, is representative of the strong leadership now being shown by Papua New Guinea’s financial sector. It wasn’t always so, as the fund’s Chief Executive Officer Rod Mitchell tells Business Advantage.