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.
People moves: BSP, Barrick Gold, Heduru Moni, Kina Bank, Coca-Cola
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9 Nov 2022 by Leave a Comment
A new Group CEO for BSP Financial Group, Barrick Gold and Heduru Moni announce new Independent Directors, Kina Bank welcomes new Regional Manager and Coca-Cola appoints new marketing executive.
Technology & growth: Moni Plus looks to a banking licence and IPO
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8 Jun 2022 by Leave a Comment
Despite the pandemic’s severe economic impacts in Papua New Guinea, financial institution Heduru Moni Limited (trading as Moni Plus) achieved record-breaking revenues and profits in 2021. Business Advantage PNG sat down with the company’s new CEO, Aho Baliki OBE, to discuss its successes and ambitious plans for growth.
In brief: Foreign exchange inflows improving, and other business news
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28 Aug 2018 by Leave a Comment
Foreign exchange inflows improving, Moni Plus opens in Lae, and changes to boards of government-owned businesses. Your weekly digest of the latest business news.
Domestic credit in Papua New Guinea sound, say finance executives
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12 Jul 2017 by Leave a Comment
Businesses in Papua New Guinea may be finding it hard to get foreign exchange, but credit quality within the domestic economy remains relatively healthy. Finance executives and analysts tell Business Advantage PNG that there has been only a slight deterioration of kina-denominated credit, despite the weak economy.
Singapore emerging as a regional option for Papua New Guinea companies
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4 Jul 2017 by Leave a Comment
Businesses in Papua New Guinea seeking to establish a presence in the Asian region are increasingly looking at Singapore as a stepping-stone to expand their market reach or increase their shareholder base. There is also growing interest from Singapore-based businesses looking at the PNG market.
‘The new PNG cyberspace’: ecommerce set to take off in Papua New Guinea
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3 Jun 2016 by 6 Comments
With Papua New Guinea’s soon-to-be-completed National Transmission Network likely to bring improved internet speeds and reliability by the end of the year more PNG companies are expected to explore the possibility of selling goods and services online. Andrew Wilkins looks at the potential for ecommerce.
Papua New Guinea’s Moni Plus to list on Singapore stock exchange
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1 Jun 2016 by 1 Comment
Financial institution Moni Plus is preparing to list on the Singapore Stock Exchange. Managing Director David Kelso tells Business Advantage PNG that the company intends to expand its shareholder base and move into new markets.
In brief: PM assures students 2016 Papua New Guinea Budget will be implemented, and other business news
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25 May 2016 by 1 Comment
O’Neill assures students 2016 Budget will be implemented, Singapore’s Jaya Holdings buys Moni Plus for K518million and Bougainville aims for mid-2019 independence vote. Your weekly digest of the latest business news.
Forex exemptions granted to Papua New Guinea insurers
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27 Apr 2016 by Leave a Comment
The Bank of PNG has granted exemptions to some PNG insurance companies from the tight foreign exchange restrictions, to enable the general insurers to meet their reinsurance commitments to international reinsurers.
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