In this Global Platform video, Ian Tarutia, CEO of the National Superannuation Fund (nasfund), discusses how super funds are helping the economy recover from the impact of the Covid-19 pandemic, especially as their investment plays an important role in preventing job losses, encouraging sustainable economic development and positioning Papua New Guinea as an attractive investment destination. In the
– The pandemic has led to a marked shift towards remote work – Employee experience increasingly important for workers and businesses – Despite high unemployment, many sectors face a paradox of severe labour shortages – Young workers and Generation Z could hold the key to long-term employment changes From lockdowns to remote work and widespread job losses, the Covid-19 pandemic has dramatically…
– DSSI, Common Framework and SDRs were designedto ease debt and financing concerns – $5.7bn in debt payments deferred under the DSSI last year – Critics say relief measures do not go far enough and have recommendeddebt cancellation – Calls fordeveloped countries to pass on their SDR allocations to emerging markets The economic fallout of the Covid-19 pandemic has led…
Click here to read our Papua New Guinea 2020 Economic Report and Investment Analysis online …
Etiquette “For every village a different culture” is the expression that best describes the social norms, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm smile. The salutation monin tru (a very good morning) is considered the polite early-day greeting. Western etiquette is generally observed in urban centres, while reciprocity and hospitality…
Interview:Materua Tamarua How would you describe the lifestyle in PNG for corporate travellers or new residents who have relocated for business purposes? MATERUA TAMARUA: PNG is a fascinating country for visitors. Between mid-2019 and mid-2020 business travellers constituted nearly 55% of the total number of tourists. Most arrivals come from Australia, while Asia and Europe make up 30% of…
AIRWAYS HOTEL Jacksons Parade, Jacksons International Airport PO Box 1942, Boroko, NCD T: +675 324 5200 / 7373 2600 reservations@airways.com.pg www.airways.com.pg Rooms: 40 Bacchus rooms, 49 Fountain rooms, 24 Dakota Rooms, 22 Dakota Junior Suites, 11 Dakota Suites and 1 presidential suite. Business & Conference Facilities: Business centre, 5 boardrooms and secretarial services. Health…
Interview:Scott Roger How can the IMF help developing economies in Asia Pacific mitigate the challenges of the pandemic? SCOTT ROGER: Since the outbreak of Covid-19 the IMF has offered policy advice, financial assistance and other support – including virtual initiatives for government officials to improve skills and develop capacity – to all its member countries. The IMF has provided emergency…
Interview:Clarence Hoot What synergies are expected to arise from the recent agreement between the IPA and the National Superannuation Fund (nasfund)? CLARENCE HOOT: In March 2020 the IPA and nasfund signed a memorandum of understanding (MoU) to enable closer cooperation and allow both organisations to share relevant employer database information to ensure that companies which register with…
Interview:Sasindran Muthuvel Where are there opportunities to optimise the management, performance and corporate governance of state-owned enterprises (SOEs)? SASINDRAN MUTHUVEL: At the executive management level, we must have individuals with relevant skills and experience, along with integrity and sound character, leading SOEs. I have recently pushed for Kumul Consolidated Holdings (KCH)…