Banking and finance

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 1 Comment

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

14 Apr 2021 by David James Leave a Comment

Bank South Pacific, Papua New Guinea’s biggest bank, has announced that it will seek secondary listing on the Australian Securities Exchange. David James considers the reasons behind the move and the implications.
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Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman

7 Apr 2021 by David James Leave a Comment

Papua New Guinea took a step closer to resolving a significant governance issue related to its stock exchange, PNGX, following a National Court ruling late last month. However, uncertainty continues to hold back PNG's capital markets, reports David James.
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We need more competition, says Bank South Pacific CEO

11 Mar 2021 by David James Leave a Comment

Bank South Pacific has just announced its 2020 financial results amid tough trading conditions. CEO Robin Fleming talks to us about the bank’s plans for 2021, foreign exchange shortages, and the need for greater competition.
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Still a long way to go: business and economic recovery after COVID

22 Feb 2021 by David James Leave a Comment

Papua New Guinea is experiencing similar stresses to other economies in the Pacific region due to the impact of COVID-19. Two reports, by the Asian Development Bank and Pacific Trade Invest, highlight both the impacts and a way to recovery.
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Nothing to fear: Kina Bank’s executive dismisses claims of ‘duopoly’ in Papua New Guinea

10 Feb 2021 by David James 5 Comments

Kina Bank will adopt a ‘multi-brand’ strategy after acquiring Westpac PNG, according to Lesieli Taviri, Executive General Manager for Banking. She believes fears about a duopoly are unfounded.
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Diversify and conquer: what the future holds for Credit Corp in Papua New Guinea

22 Jan 2021 by David James Leave a Comment

Peter Aitsi, Group Chief Executive Officer of Credit Corporation PNG, says the COVID-19 pandemic has had a significant impact on operations. He tells Business Advantage PNG that the company is moving to a more agile digital platform and diversifying its product range.
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The ‘PNG 1000’: new business directory launched for Papua New Guinea
Papua New Guinea’s business community has a new tool for doing business: a user-friendly new online business directory. The post The ‘PNG 1000’: new business directory launched for Papua New Guinea appeared first on Business Advantage International.
Air Niugini’s ‘Paradise’ magazine wins World Travel Award
As publisher of the Air Niugini’s inflight magazine, Paradise, we are proud to announce it has won the award for the best inflight magazine in Oceania in this year’s prestigious World Travel Awards. In winning, Paradise beat magazines from many of the region’s major airlines, including Qantas, Virgin Australia, Tiger Air and Fiji Airways. The World Travel Awards, […]
A new magazine in the middle of COVID-19?!
Who would be crazy enough to launch a new magazine during a global pandemic? Guilty. The magazine is called PNG Now, and it's a brand new lifestyle magazine aimed at readers in the Pacific nation of Papua New Guinea (PNG). The post A new magazine in the middle of COVID-19?! appeared first on Business Advantage […]

Banking and finance

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?

Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman

We need more competition, says Bank South Pacific CEO

Still a long way to go: business and economic recovery after COVID

Nothing to fear: Kina Bank’s executive dismisses claims of ‘duopoly’ in Papua New Guinea

Diversify and conquer: what the future holds for Credit Corp in Papua New Guinea

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Editor’s picks

Marape moves to reassure Papua New Guinea’s mining and petroleum industry

How Papua New Guinea can boost its coffee production [analysis]

In brief: Freeport to acquire assets in Papua New Guinea and other business stories

Sweet treats to remember: a cake walk in Lae

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