Despite the pandemic’s severe economic impacts in Papua New Guinea, financial institution Heduru Moni Limited (trading as Moni Plus) achieved record-breaking revenues and profits in 2021. Business Advantage PNG sat down with the company’s new CEO, Aho Baliki OBE, to discuss its successes and ambitious plans for growth.
Technology & growth: Moni Plus looks to a banking licence and IPO
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8 Jun 2022 by Leave a Comment
People moves: PNG Power, ANZ, CPL Group, Censorship Office
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8 Jun 2022 by Leave a Comment
New boss for PNG Power, new Regional Executive, Pacific at ANZ, Jack’s of PNG welcomes new Retail Managers, and the Censorship Office announces Deputy Chief Censor.
Geopacific Resources to review the future of Woodlark gold project
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1 Jun 2022 by Leave a Comment
The future of the proposed new gold mine on Papua New Guinea’s Woodlark Island remains in question, as Geopacific Resources looks to reset expectations surrounding the project and explores the possibility of a ‘corporate or asset-level’ sale.
In brief: Pacific nations decline signing economic and security deal with China & other news
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1 Jun 2022 by Leave a Comment
Pacific nations, including Papua New Guinea, have declined signing a deal with China, Papua New Guinea Customs expects losses of K200 million and Ihu SEZ commences second phase and gathers interest from several countries. The business news your need.
Security & strategy: online payments to transform Internal Revenue Commission
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31 May 2022 by 1 Comment
Papua New Guinea’s Internal Revenue Commission (IRC) recently established an online payment portal, ‘myIRC,’ as part of its strategy to take the country’s tax system online. Business Advantage PNG sits down with Commissioner General Sam Koim to see how it is going and discuss the IRC’s long-term strategy.
What can Papua New Guinea expect from Australia’s new government?
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25 May 2022 by Leave a Comment
Infrastructure funding aimed at climate change mitigation and a new Pacific Engagement Visa are among the expected initiatives from the new Australian government elected last weekend.
In brief: new information system to help drive rural electrification in Papua New Guinea and other stories
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25 May 2022 by Leave a Comment
New data-driven system to help rural areas get electricity, coffee producer strikes international deal, and Port Moresby’s airport to get new baggage screening system. The news you need today. Mining A new five-year agreement between Ok Tedi Mining Limited (OTML) and the Allied Workers Union was signed last week. The agreement between both parties guarantees […]
People moves: Australia Papua New Guinea Business Council, Minister for Foreign Affairs, PNG Cabinet
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25 May 2022 by Leave a Comment
Executive changes announced at the Australia Papua New Guinea Business Council, Prime Minister Marape elects new Deputy Prime Minister, and Australia welcomes new Minister for Foreign Affairs.
In-flight magazine’s return a sign that Papua New Guinea is back in business
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23 May 2022 by Leave a Comment
Papua New Guinea’s longest-established and most widely-read magazine, Paradise, the in-flight magazine of Air Niugini will return in September.
Papua New Guinea and Pacific business looks to turn the corner, post-COVID-19
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18 May 2022 by Leave a Comment
Two new reports indicate business in Papua New Guinea and Pacific is proving resilient as the region looks to move on from the COVID-19 pandemic. A new economic report from ANZ paints a bullish picture of the future, while Pacific SMEs are predicting increased revenues.
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