Papua New Guinea’s growing middle class driving housing construction

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Papua New Guinea’s construction sector as a whole has returned to pre-COVID levels, driven in part by a growth in demand for housing. Business Advantage PNG looks at what’s driving the trend.

In brief: PNG Power’s tariffs rise for the first time in a decade and other stories

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Energy regulator announces an increase in power prices to support the rehabilitation of PNG Power, Nambawan Super threatens to lock out its government tenants and Wafi-Golpu negotations continue. Your business news in a nutshell.

Rangeview Plaza: a new family experience in Papua New Guinea

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The K320 million Rangeview Plaza, which opened in the heart of Waigani in mid-2022, is rapidly earning a reputation as the destination where more locals want to meet, shop and dine safely.

People moves: Bank of Papua New Guinea, PNG Chamber of Mines & Petroleum, Nambawan Super, OTML, Credit Corp, IFC

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Central bank welcomes a new Acting Governor, the Papua New Guinea Chamber of Mines and Petroleum farewells Executive Director, Nambawan Super gets new board member, changes at Ok Tedi Mining, and Credit Corp announces staff changes.

Executive class: up-and-coming Papua New Guinea professionals [part 5]

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Nambawan Super’s Chief Financial Officer, Pochon Lili, is another Papua New Guinean under 40 who is leading the way for new generations. Hear about his work and thoughts about leadership and hard work. 

Cracking investment: Nambawan Super investment fuels growth at Paradise Foods

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In late 2021, PNG’s largest superannuation find, Nambawan Super, increased its holding in Paradise Company Limited, owner of Paradise Foods and Laga Industries, to 100 per cent. Michael Penrose, Paradise’s CEO, tells Business Advantage PNG how the fund’s support is helping the food manufacturer expand.

Economic update: cautious optimism in Papua New Guinea as major projects take shape

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With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country’s business leaders about the year ahead.

In brief: Kina Bank announces new branches in Papua New Guinea and other business stories

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Kina Bank to open new branches in Papua New Guinea, Minister for Information & Communication Technology launches new ICT plan, and Nambawan Super starts construction of Waigani office complex. The business news you need today.

Super ideas: how to build wealth in Papua New Guinea

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PNG Now spoke with four of the largest superannuation fund’s executives and senior managers for the inside scoop into super.

In brief: ‘historic’ green energy agreement between PNG and Fortescue Minerals and other business stories

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Fortescue and Papua New Guinea Government sign landmark agreement to venture into green energy productions, the Bank of PNG flags two new projects and Minister apologises over Pasca A negotiations. The business news you need today.