NCSL talks about its plans to become an ebank, Papua New Guinea’s Treasurer, Ian Ling-Stuckey reveals potential second economic stimulus package for MSMEs and changes in taxation collection in Bougainville. The business news in brief.
SMEs
Inspired by her fellow entrepreneurs, Emstret Holdings CEO Vani Nades has launched Shopsmart PNG, an online marketplace for Papua New Guineans to ‘do business, irrespective of size’.
Julliane Terry, owner of the consultancy firm Tok Stret Consulting, has launched business incubator hub in Lae to foster innovation in PNG’s second city. ‘When something is happening in Lae, you can rest assured the rest of the country will benefit,’ she tells Business Advantage PNG.
Papua New Guinean entrepreneurs are challenging the status quo and seeking new opportunities to embrace change, give back to the community and help PNG’s economy thrive in the post-COVID world.
Young Papua New Guinean entrepreneurs are helping to reactivate the country’s economy with new ideas and thriving projects. In this two-part special, meet some rising stars who are setting the pace for a reinvigorated innovation nation.
Kina Bank’s Chief Executive and Managing Director Greg Pawson is expecting to start the SME Capital Fund this year, which will offer PNG businesses a new way of raising money. He tells Business Advantage PNG it should help business expand.
Despite the problems 2020 posed for many of Papua New Guinea’s SMEs, some are entering 2021 with a bang. Business Advantage PNG asked them for their advice on how to thrive in tough times.
Finding a safe and reliable taxi service in Port Moresby can be an issue, but entrepreneur Isaac Jipsy has developed ODESH, an online solution that is changing the way taxi services operate in Papua New Guinea’s capital.
The tech sector Papua New Guinea is growing fast but is constrained by a skills gap. Business Advantage PNG profiles the PNG Digital ICT Cluster, which is helping local tech talent reach its goals.
SME Business Advisor Akae Beach, from Beach Accounting Advisory, looks at the pros and cons of taking part in the Papua New Guinea government’s SME concessional loan plan.