Papua New Guinea’s largest superannuation fund, Nambawan Super, is a major domestic investor across the economy. CEO Paul Sayer talks with Business Advantage PNG about the impact of the COVID-19 pandemic on its investments, and its future plans.
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Never let a good crisis go to waste
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13 Apr 2021 by Leave a Comment
The positive news that the Marape government and Barrick Gold have reach a ‘binding framework agreement’ for the reopening of the Porgera gold mine is being welcomed with relief by almost all concerned.
To build or not to build: multibillion dollar Chinese project highlights Western Province’s dilemmas
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15 Feb 2021 by 18 Comments
Reports that a Chinese company has put forward a multibillion dollar plan to develop several areas in Western Province have highlighted the lack of investment in one of Papua New Guinea’s most neglected provinces.
Short-term exodus, long-term opportunities
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5 Feb 2021 by Leave a Comment
What do Virgin Australia, Westpac, Norton Rose Fulbright and Horizon Oil have in common? As you may have noted, they are all companies that have effectively signalled a scaling back of, or end to, their PNG presence in the past year.
In brief: Bougainville’s President ends speculations about the future of Panguna and other business stories
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1 Feb 2021 by Leave a Comment
President Ishmael Toroama says Bougainville is not ‘colluding’ with third parties to reopen Panguna, new project to increase regional and international trade in the Pacific, and potential date for the launch of ISEZ’s project program.
Marape Government survives challenge; 2021 budget passed again
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17 Dec 2020 by 2 Comments
After a month of political jousting, the Marape government yesterday survived an Opposition challenge in Papua New Guinea’s Parliament and has apparently legally passed the 2021 National Budget.
Is the worst behind us?
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1 Dec 2020 by Leave a Comment
Just when you thought 2020 couldn’t surprise us any more, Papua New Guinea’s politicians delivered a November parliamentary session to remember.
In brief: Dirio Gas and Power project launched and other business stories
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23 Nov 2020 by Leave a Comment
The Dirio project gets commissioned, Barrick distances from Papua New Guinea’s political turmoil and state-owned enterprises reform on track. The business stories you need to kickstart your week.
Parliament passes budget bills in lightning session, then adjourns until April 2021
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18 Nov 2020 by 2 Comments
Parliament sat briefly and unexpectedly yesterday to pass the 2021 National Budget legislation after Speaker Job Pomat ruled that last Friday’s surprise adjournment was illegal. It may not sit again until April 2021.
Marape government threatened as MPs and Ministers move to Opposition benches
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14 Nov 2020 by 14 Comments
A deliberate and surprise move by MPs and Ministers to the Opposition last Friday may foreshadow the end of the 18-month-old Marape Government in Papua New Guinea.
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