Banking and finance

Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets

The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
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Barrick Niugini’s investment fund gives landowners superior returns, claims Manager Chris Trainor

Barrick Niugini’s Mining and Petroleum Industry Investment Fund provides relocated landowners with a superior financial outcome, according to Chris Trainor, Manager of Commercial Services. He believes it is a model for other Papua New Guinea mining companies to follow.
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Agility keeps NASFUND ahead in tougher investment climate says CEO Ian Tarutia

Superannuation company Nasfund continues to deliver positive returns to its members, Chief Executive Ian Tarutia tells Business Advantage PNG. But weak economic conditions in Papua New Guinea, foreign exchange restrictions and rising unemployment mean the organisation has to be agile.
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Credit & Data Bureau improving financial accountability in Papua New Guinea, says MD Bruce Mackinlay

The World Bank’s Ease of Doing Business singled out a new private credit bureau as having ‘improved the credit information system in Papua New Guinea.’ Bruce Mackinlay, Managing Director of the Credit & Data Bureau, tells Business Advantage PNG that the organisation is improving the country's transparency and accountability.
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Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage

The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
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