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.
In Brief: KAML announces half-year profit of K1.22m, and other business stories
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18 Sep 2018 by Leave a Comment
Kina Asset Management’s half-year net profit, Range View precinct under way, and a local tech company trials its own messaging app. Your weekly digest of the latest business news.
Diving resort on Papua New Guinea’s Loloata Island set for early opening in 2019
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4 Sep 2018 by 2 Comments
A completely redeveloped Loloata Island Resort, just out of Port Moresby, is scheduled to open in February or March of 2019, according to Lew Nielsen, Director of the resort. The signature tourism project is a joint venture of Lamana Development and NASFUND.
Loloata Island Resort gets a makeover
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20 Mar 2018 by 3 Comments
Loloata Island Resort in Bootless Bay, near Port Moresby, is getting a stylish makeover, with the help of the Papua New Guinean super fund, Nasfund.
Papua New Guinea Queen’s Birthday Honours list 2015: four new knights
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17 Jun 2015 by 2 Comments
Four new Knighthoods are among a total of 91 Papua New Guineans recognised by the Queen in this year’s Queen’s Birthday Honours list.
Increased competition in Papua New Guinea construction sector
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19 Feb 2014 by 1 Comment
With the PNG LNG project moving from its construction phase into production, a downturn in Papua New Guinea’s building and construction sector is underway, softened somewhat by the national government’s injection of infrastructure spending. But there’s still plenty of work to be done, as Business Advantage PNG reports.
Opinion: why Papua New Guinea and Fiji are expanding their friendship
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19 Jun 2013 by 1 Comment
A curious thing has been happening in the Pacific. Instead of running trade and investment road-shows in Australia, New Zealand or China, two Pacific Island countries have been courting investment from each other, observes Jenny Hayward-Jones.
Around the world: ‘Time’ magazine looks at sorcery killings and other international stories
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11 Jun 2013 by
Time magazine looks at PNG’s sorcery killings, the Wall street looks at ExxonMobil’s ‘PNG gas grab’, submarine cables link Tonga and Vanuatu to Fiji and new PNG investment in Samoa.
PNG and Fiji formalise closer business ties
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17 Dec 2012 by
If foreign investors have generally been wary of investing in Fiji since the 2006 coup, Papua New Guinea has been the exception. Most notably, in 2009, PNG’s Bank of South Pacific lived up to its name by acquiring Fiji’s Colonial Banking Group and has subsequently invested heavily to strengthen its local presence. A year earlier, […]
Tourism: Adventure-seekers cruise in
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22 Aug 2012 by Leave a Comment
Greater access, improved accommodation and a unique culture lure greater numbers of visitors to Papua New Guinea. Visitor arrivals to Papua New Guinea grew by 12.8% in 2011 over arrivals for 2010. While many travelled to the country on business, there was also a signifiant rise in holidaymakers. Australia provided 46% of PNG’s 165,059 visitors […]
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