Last week’s 2023 Innovation PNG conference showcased some of Papua New Guinea’s best and brightest. It also featured the announcement of some significant new initiatives to stimulate the digitisation of the country’s economy.
Posts by Business Advantage PNG
A food delivery service, a banking service for remote users and a new government portal for MSMEs were the big winners at the 2023 Innovation PNG Awards, announced last week.
PNG’s capital is well equipped for business travellers. The Hilton, close to Parliament Haus and with its new, fully-equipped residences, hotel rooms and on-site convention centre, is an ideal work base.
How does Kina Bank, one of Papua New Guinea’s major banks, approach innovation and change? We caught up with Martha Martha Nion-Tefuarani, Head of Kinatech Strategy & Business Engagement.
The decarbonisation of the global economy is going to create the greatest investment opportunity of our lifetime, according to KPMG’s Global Oil and Gas Lead, Jonathan Parker. But how do companies prepare, and what role does government have in making it happen?
Newmont Corporation’s acquisition of Newcrest Mining, which owns the Lihir gold mine in Papua New Guinea, and is one of the partners in the Wafi-Golpu copper-gold joint venture, is set to be completed in coming days. Business Advantage PNG considers what will happen next.
Global copier giant Konica Minolta is also at the forefront of innovation in the digital workplace, robotics and 3D printing. We caught up with the Chief Strategy Officer of its Australian operation, Ted Garner, who will visit Papua New Guinea soon for the Innovation PNG 2023 conference.
Craig Kirkland is Director, Pacific Islands for global payments giant, Mastercard. We caught with him as he prepares to visit Papua New Guinea this coming November to address the Innovation PNG 2023 conference in Port Moresby.
September was another tough month for availability of foreign exchange in Papua New Guinea, but central bank Acting Governor Elizabeth Genia has moved to reassure business that the bank is committed to supporting the kina as it adjusts to a lower level against the US dollar. She’s also flagging better times ahead on forex.
Some key Papua New Guinea state assets, including the site of Port Moresby’s old port, are being readied for redevelopment, with private sector investment being sought. The move is being guided by a new investment strategy from state holding company, Kumul Consolidated Holdings.