BSP announced the appointment of Haroon Ali as Chief Risk Officer for the BSP Group based in Papua New Guinea. Ali will take over from Robin Fleming, who becomes the BSP Group CEO from 1 June [link].
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Papua New Guinea’s largest bank, BSP, has joined PNG’s growing mobile wallet market, with the launch last week of Wantok Moni.
The next six months is a ‘highly vulnerable period’, according to the latest market outlook from Papua New Guinea finance company and stockbroker, Kina Securities Ltd.
The new President of Papua New Guinea’s Chamber of Mines and Petroleum is concerned about the impact of falling commodity prices. Smaller profits may see some of PNG’s resources projects put on the backburner, he warns Business Advantage PNG.
Papua New Guinea citizens will soon find it easier to travel to Australia, after Prime Minister Julia Gillard said PNG would join its online visa scheme and the process for obtaining five-year multiple entry visas would be eased.
John Tangit has been appointed Acting CEO of PNG Power, following the resignation of Tony Koiri.
The Papua New Guinea Government is promising to improve the law and order situation in PNG, with new laws covering white collar crime, rape and murder, while Australia will assist with police training.
Australian Prime Minister Julia Gillard launched the Pacific Women in Business initiative during her visit to Papua New Guinea, which establishes a mentoring program to assist women to access management positions and tackle violence against women.
Australia’s aid program will increase by 10 per cent or about A$500 million in the 2013-14 budget to a record AUD$5.7 billion—the equivalent of 0.37 per cent of gross national income (GNI).
There’s been plenty of international media coverage of last week’s visit by the Australian Prime Minister Julia Gillard to PNG … this and other international stories