Air Niugini confirms Gary Seddon as CEO

Air Niugini confirms Gary Seddon as CEO

Air Niugini has officially appointed Gary Seddon as its Chief Executive Officer, following his tenure as Acting CEO. The confirmation was made by the National Executive Council (NEC) after a comprehensive selection process conducted by Kumul Consolidated Holdings...
Two new commercial banks for PNG

Two new commercial banks for PNG

The expansion of Papua New Guinea’s financial sector, marked by the introduction of two new commercial banks, CreditBank and TISA Bank, is a significant milestone for the country’s economy. This development is set to create new opportunities for businesses that are...
World Bank’s $68m lifeline for Pacific Islands

World Bank’s $68m lifeline for Pacific Islands

World Bank President Ajay Banga’s recent Pacific tour comes in the wake of a pivotal meeting between major financial institutions and regional banks that focused on the critical issue of correspondent banking in the Pacific. This meeting, held just a couple of months...
Papua New Guinea advances Blue Carbon policy

Papua New Guinea advances Blue Carbon policy

Papua New Guinea is moving forward with establishing the Pacific’s first Blue Carbon Policy, which aims to protect and sustainably manage the country’s critical blue carbon ecosystems, such as mangroves, seagrasses, and tidal marshes. This policy will create a...