In Papua New Guinea for the long stay: Hilton, Marriott and more

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Papua New Guinea’s property developers have been busy renovating properties and putting the finishing touches to new projects, including Marriott- and Hilton-branded executive apartments, as the sector gears up for greater economic activity.

Papua New Guinea’s new bank to focus on digital products and customer service

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In this exclusive interview, Credit Corporation’s CEO Danny Robinson updates Business Advantage PNG on its progress towards acquiring a full banking license and outlines what kind of bank it will be.

Credit Corp PNG CEO explains why the company is on the cusp of a major transformation

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CEO Danny Robinson walks Business Advantage PNG through plans to become a niche commercial bank after the [bank] regulator recently fast-tracked the finance company’s application for a full banking licence in Papua New Guinea.

People moves: Ok Tedi Mining, PNGX, Credit Corporation, TISA Community Finance

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Ok Tedi Mining and TISA Community Finance appoint new CEOs, new board members for PNGX and Credit Corporation PNG, while Geopacific Resources has a new interim CEO.

New players to fuel Papua New Guinea’s banking sector growth

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There is broad agreement that Papua New Guinea needs more competition in its banking sector, and several finance companies have flagged their desire to acquire banking licences. What happens next, however, is likely to depend on government action.

In brief: Papua New Guinea’s banking sector gets ready for more competition and other business stories

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Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont’s proposal to combine with Newcrest Mining. Your business news in summary.

People moves: Bank of Papua New Guinea, PNG Chamber of Mines & Petroleum, Nambawan Super, OTML, Credit Corp, IFC

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Central bank welcomes a new Acting Governor, the Papua New Guinea Chamber of Mines and Petroleum farewells Executive Director, Nambawan Super gets new board member, changes at Ok Tedi Mining, and Credit Corp announces staff changes.

People moves: PNG Ports, Credit Corporation PNG, Mayur Resources, Kacific

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Acting CEO appointed at PNG Ports, new Chairman for Credit Corporation PNG, Mayur Resources Limited welcomes new Resident Director, and Kacific appoints Managing Director of the Pacific.

People moves: International Finance Corporation, Steamships, Credit Corporation (PNG), FX Business Centre

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The International Finance Corporation (IFC) announces new Country Manager for the region, Steamships welcomes Corporate Affairs Head, Credit Corporation (PNG) appoints new board member and a new General Manager joins FX Business Centre.

People moves: Credit Corporation, Asian Development Bank

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Credit Corporation welcomes new Group Chief Risk Officer and the Asian Development Bank announced new Special Senior Adviser for Climate Change.