Day 1 report from the 2024 Papua New Guinea Investment Conference
Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings’ Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange. Jet fuel import facility to be online by 2025 Kumul Petroleum Holdings (KPHL) expects its new jet fuel import facility at Motukea Port to come into operation by the first quarter of 2025, KPHL Managing Director Wapu Sonk told the conference. “We were targeting December this year, but it’s been pushed back because we had to find a solution on how to work within an operating wharf area,” he said. The...