PNG Business Council

Penrose Appointed Paradise Company CEO

Paradise Company Limited Board Chairman, Anthony Smare, made the announcement this week stating that Penrose is an experienced Papua New Guinean business leader.

Penrose becomes the first Papua New Guinean CEO of the 90-year old company, PNG’s oldest food manufacturing business.

“After an extensive, objective and diligent international CEO search process, I am pleased to announce the appointment of Michael Penrose as Group CEO for Paradise Company Limited. He was selected on merit as the best candidate by the board and the HR search firm that was used.

Nilkare plans to expand business council

He said this involves bringing more representation from sectors such as agriculture.

Nilkare, who is the country manager for New Britain Palm Oil Limited, said there are large commercial entities outside of Port Moresby that do not have representation in the capital.

He said the challenge now is to work on a strategy with his executives to make this a reality.

VIDEO: Businesses disappointed in NCD polling deferral

President of the Port Moresby Chamber of Business and Commerce David Conn said millions of Kina was lost. 

 

Meredith Kuusa with more

​Mobile data consumption remains high

The brief report notes that consumers have adjusted well to the economy, with mobile data consumption standing out.

The report adds the retail sector in the fresh produce, hardware and consumables have been flat for the third consecutive year, while there has been an increased shift in informal and SME suppliers and increase in local food produce has been apparent.

EFTPOS and ATM transactions are reported to have risen, compared to the first Quarter 2016.