Prime Minister takes role of Treasury Minister
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The economic risks faced by the three main commercial banks in Papua New Guinea are very high, says ratings agency S&P Global Ratings. But Associate Director Andrew Mayes tells Business Advantage PNG, credit risk is ‘well-managed’.
Rhodes is a pre-fabricated buildings company focused on the Papua New Guinea market that has support operations in Australia, the Philippines and China. Managing Director Emanuel Papas outlines the strategy to Business Advantage PNG.
Mineral deposits are becoming increasingly difficult to develop and the mining industry is looking to the Papua New Guinean Government to deliver flexible policies that will benefit a maturing industry, Nautilus Minerals Chief Executive Officer, Mike Johnston tells Business Advantage PNG.
Business Advantage International’s PNG 100 CEO Survey of chief executives in Papua New Guinea’s biggest companies has found that many business leaders fell short of their profit expectations in 2016. But the mood remains cautiously optimistic.
Value and risk profile for Frieda River project improves, claims excess kina is resulting in more domestic investment, and corruption estimated to have cost Papua New Guinea K1.5 billion last year. Your weekly digest of the latest business news.
Board changes at Kina Securities, a new Secretary for Higher Education Department, new Country Manager for the World Bank
Interest rates are likely to remain at 6.26 per cent for the rest of 2017, and inflationary pressures are expected to moderate, according to the latest economic analysis by Singapore-based BMI Research, a unit of Fitch Group.
Papua New Guinea has a high level of mobile phone penetration, but Tony Westaway, Chief Executive of MiBank, believes the country has significant barriers to overcome if it is to achieve optimum financial inclusion in the digital age. He outlines some of the issues to Business Advantage PNG.
The Pacific’s three biggest banks: Bank South Pacific, ANZ and Westpac have distinct approaches to the Pacific region. Their top executives outline their strategies to Business Advantage PNG