Bank of Papua New Guinea program aims to generate funds for green projects

Welcome,

The Green Finance Centre was founded this year under the aegis of the Bank of Papua New Guinea, with the aim of creating a framework to facilitate investments in areas such as renewables and climate resilience. Its head Mohinesh Prasad shared the centre’s plans and progress in a speech to the 2024 Business Advantage PNG Investment Conference.

In brief: Kavieng Airport in New Ireland Province set for an upgrade and other business stories

Welcome,

The National Airport Corporation signs an agreement to upgrade Kavieng Airport, NKW Fresh signs a deal to support farmers in Morobe Province and Air Niugini turns around K133 million loss in 2018 to a profit. The news you need to kickstart your week.

In brief: Ramu Nico Mine opens after temporary closure and other business news

Welcome,

Ramu Nico Mine resumes operations, Chile’s president cancels the 2019 APEC Leader’s Week, and Bank South Pacific releases its third quarter results. Your weekly digest of business news.

Bridging the gender gap in Papua New Guinea business

Welcome,

Gender inequality is not just a social issue in Papua New Guinea; it is a business issue. Gabriella Munoz explores what businesses and can and are doing to make a difference.

Women’s Micro Bank: empowering Papua New Guinean women one bank account at a time

Welcome,

After receiving its banking licence five years ago, Women’s Micro Bank expects to deliver its first dividend in 2020. General Manger, Gunanidhi Das, tells Business Advantage PNG, the bank now has 27,000 customers, and aims to have 30,000 next year. 

In brief: Highlands Highway re-opens after a month-long blockade, and other business stories

Welcome,

Normal services along the Highlands Highways resume, coffee exports steady but expected to fall next year, and China approves loan for PMIZ. Your weekly digest of the latest business news.

Micro finance sector in Papua New Guinea expanding services

Welcome,

Sharing nearly 500,000 clients, Papua New Guinea’s micro finance industry is expanding its reach, its numbers and its services. Business Advantage PNG looks at what the industry is offering.

In brief: Crime and violence affects 80% of Papua New Guinea businesses, and other business stories

Welcome,

Crime and violence slowing business growth, Robusta coffee production to be boosted, and women’s bank launched