People moves: NCSL, PNG Air, Paradise Foods, PNGX

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The Nasfund Contributors Savings and Loan Society (NCSL) welcomes an Independent Director, PNG Air announces new Chairman and Deputy Chairman, Paradise Foods elects Interim Group CEO and PNGX appoints a General Manager.

People moves: PNG Power, Credit Corp PNG, PNG Defence Force, Oil Search, Newcrest Mining, Paradise Foods

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PNG Power Managing Director resigns, Credit Corporation PNG announces changes to its board, new appointment at PNG Defence Force, changes at Oil Search board, Newcrest Mining welcomes a new Director and Paradise Group CEO steps down.

In brief: Prime Minister Marape commits K50 million to agriculture and other business stories

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Marape launched the Agriculture Medium Term Development Plan 2020 -2022 and committed K50 million to the sector, the PNG Electrification Partnership makes progress and Misima gold project takes first steps towards environmental approvals. The business news you need to kickstart your week.

‘Focus on what you can control’: showing leadership during Papua New Guinea’s pandemic

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The COVID-19 pandemic in Papua New Guinea has presented a unique set of challenges to business leaders and owners of all kinds. The heads of three of the country’s top companies have discussed their leadership approaches during a special Business Advantage PNG online business briefing. 

On the rise: Paradise Foods continues to grow in Papua New Guinea despite COVID-19

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Paradise Foods has seen over 30% growth over the past six months and its future looks even brighter. James Rice, Group CEO of Papua New Guinea’s oldest food manufacturing company, spoke with Business Advantage PNG to explain why.

In brief: Oil Search still keen on P’nyang gas project and other business stories

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S&P Global Rating lowers Papua New Guinea’s sovereign credit rating, Zijing Mining sends letter to Prime Minister Marape and PNG DataCo lands the Kumul Submarine Cable in Kavieng. The business news you need to kickstart your week.

In brief: Papua New Guinea to receive K4.2 million from the US and other business stories

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The United States commits K4.2 million in the fight against COVID-19 in Papua New Guinea, Monoyal project gets positive drilling results and PNG confirms five new cases of COVID-19. The business news you need to kickstart your week.

In brief: Papua New Guinea’s financial institutions respond to State of Emergency and other business stories

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Papua New Guinea’s financial institutions offer businesses support for State of Emergency, Oil Search cuts staff, and Air Niugini to resume flights. The business news you need to kickstart your week.

A new future for Paradise Spices

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Paradise Spices is back in the hands of GTM Distributors General Manager Max Puritau, who is planning more products, staff and investment. He outlines the plans to Business Advantage PNG.

In Brief: Papua New Guinea’s Treasurer warns of ‘big and painful’ cuts in Tuesday’s Supplementary Budget and other business stories

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Treasurer says Papua New Guinea’s Budget deficit far worse than expected, Phillipines to export 5,000 mt of high quality rice to PNG, and Paradise Foods sells its spice business. Your weekly digest of business news.