The advent of electronic banking in Papua New Guinea has the potential to significantly modernise and expand the country’s financial system Greg Pawson, General Manager of Westpac Pacific tells Business Advantage PNG.
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InterOil shareholders have overwhelmingly approved a revised takeover bid from ExxonMobil, despite opposition from InterOil founder, Phil Mulacek.
An acting Managing Director at Kumul Consolidated Holdings, BSP appoints new Group Financial Officer, and Highlands Pacific appoints a new Director
The way banks operate will change dramatically over the next five years, according to Kina Group’s Syd Yates. Banks will need to be quasi-technology companies.
A new senior appointment at the ANZ, Santos appoints VP to manage non-core assets, Nautilus board member resigns, promotion for Digicel PNG’s Marketing Manager.
After 20 years building a successful transport company, Mapai Transport founder Jacob Luke is exploring ways to correct PNG’s trade imbalance with NZ, and providing training opportunities for young Papua New Guineans.
Anitua’s independence strategy, known as the ‘Lihir Destiny’, for Papua New Guinea’s largest and most successful landowner company will continue under its new CEO, John Gethin-Jones. He tells Business Advantage PNG that key focusses are constant review of activities and staff development.
The Chairman of InterOil, Chris Finlayson, says the company is considering an appeal to the Supreme Court of Canada after a court upheld an appeal against the US$2.5 billion (K7.9 billion) sale of InterOil to ExxonMobil. Meanwhile, the man behind the appeal, Phil Mulacek, tells Business Advantage PNG he’s open to dialogue.
Becoming a market leader requires developing the right strategic intent, QBE’s Matthew Kearns tells Business Advantage PNG. That means understanding your company’s goals and value proposition, and planning effectively.
Papua New Guinea has risen 14 places overall in the World Bank’s annual report on ‘Ease of Doing Business’, primarily in the areas of starting a business and getting credit.