Banking and finance

Time to grow: Papua New Guinea’s stock exchange looking to expand

6 Oct 2021 by David James Leave a Comment

Crowdfunding and a new listed fund are in the pipeline at Papua New Guinea’s stock exchange, PNGX, as it looks at new ways of grow the country's capital markets and encourage SMEs.
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Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

14 Sep 2021 by Business Advantage PNG 6 Comments

It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea's Independent Consumer and Competition Commission has issued a 'final determination' declining authorisation of Kina's proposed acquisition of Westpac Papua New Guinea.
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Kina Bank reports rise in net profits for first half of the year

1 Sep 2021 by Business Advantage PNG 1 Comment

Kina Bank has reported a 36% increase in net profit for the first half of 2021, compared to the corresponding period last year. The results suggest the bank is successfully weathering the impact COVID-19 pandemic.
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Kina Bank presents its vision for Westpac to Papua New Guinea’s regulator

16 Aug 2021 by Business Advantage PNG 1 Comment

If Kina Bank's acquisition of Westpac's Pacific operation proceeds, it will be rebranded East West Commercial Bank, a stand-alone 'Pan-Pacific' bank to compete against its new parent. That's according to a presentation made by Kina last week as it tries to convince Papua New Guinea's Independent Consumer and Competition Commission of the deal's merits.
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ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets

27 Jul 2021 by Business Advantage PNG Leave a Comment

In an interim determination, Papua New Guinea's Independent Consumer and Competition Commission (ICCC) says it may not allow Kina Bank to buy Westpac's remaining assets in the Pacific.
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BSP denies regulator’s anti-money laundering allegations

14 Jul 2021 by Business Advantage PNG Leave a Comment

BSP Financial Group (BFL) has responded to allegations made by the Bank of Papua New Guinea's Financial Analysis and Supervision Unit (FASU) that it was in breach of the country's anti-money laundering laws. Meanwhile, the Bank of PNG's Governor has distanced the central bank from the allegations made by its own unit.
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Waking up the giant: how banks can help unlock the potential of Papua New Guinea’s SMEs

23 Jun 2021 by Gabriella Munoz 3 Comments

Small and medium-sized businesses have the capacity to create jobs and propel Papua New Guinea’s economy, but how can this best be achieved? Business Advantage PNG looks at how banks are supporting the sector.
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Papua New Guinea’s BSP Financial Group lists on ASX

26 May 2021 by Business Advantage PNG 1 Comment

BSP Financial Group, the Pacific's largest bank, finally listed on the Australian Securities Exchange yesterday. The move creates a new market for its existing shares and positions the bank to tap into new sources of capital in the future.
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Nambawan Super focused on the long term

3 May 2021 by Business Advantage PNG Leave a Comment

Papua New Guinea’s largest superannuation fund, Nambawan Super, is a major domestic investor across the economy. CEO Paul Sayer talks with Business Advantage PNG about the impact of the COVID-19 pandemic on its investments, and its future plans.
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Congratulations on a stellar event
With over high-calibre 40 speakers and hundreds of delegates over the three days of the event (7-9 September), the 2021 PNG Investment Conference was a great success. The post Congratulations on a stellar event appeared first on Business Advantage International.
Prime Minister to open Papua New Guinea’s prestigious international investment conference
Papua New Guinea’s Prime Minister, the Hon. James Marape MP, will make the opening address at the 2021 Business Advantage Papua New Guinea Investment Conference on the morning of Tuesday 7 September. The Prime Minister will outline his government’s strategy for improving the environment for business and investment in the country to an audience of […]
International Finance Corporation unveiled as partner of 2021 Papua New Guinea Investment Conference
International Finance Corporation (IFC), a member of the World Bank Group, has been announced as an event partner of the 2021 Business Advantage Papua New Guinea Investment Conference, which will take place from 7 to 9 September. The post International Finance Corporation unveiled as partner of 2021 Papua New Guinea Investment Conference appeared first on […]

Banking and finance

Time to grow: Papua New Guinea’s stock exchange looking to expand

Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

Kina Bank reports rise in net profits for first half of the year

Kina Bank presents its vision for Westpac to Papua New Guinea’s regulator

ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets

BSP denies regulator’s anti-money laundering allegations

Waking up the giant: how banks can help unlock the potential of Papua New Guinea’s SMEs

Papua New Guinea’s BSP Financial Group lists on ASX

Nambawan Super focused on the long term

Why is Bank South Pacific looking to list on the Australian Securities Exchange?

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Editor’s picks

Papua New Guinea’s economy to return to pre-COVID levels in 2022 , says World Bank

Flippin’ good: new burger store opens in Port Moresby

In brief: Barrick executives visit Papua New Guinea and other business stories

Papua New Guinea’s P’nyang LNG project: what we know so far

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