Banking and finance

Niugini Assurance’s CEO lays out plans to continue its strong growth

12 Sep 2023 by Business Advantage PNG 3 Comments

Since launching as the new kid on the block in 2020, Nuigini Assurance has become a significant player in the country’s competitive insurance sector. Shareholder and interim CEO, Opi Loi, walks Business Advantage PNG through the key drivers of its success so far, and its plans for growth.
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No hard devaluation of the kina, says Bank of Papua New Guinea Governor

21 Aug 2023 by Business Advantage PNG Leave a Comment

With a new strategy to manage Papua New Guinea's foreign exchange shortages expected soon, the Bank of Papua New Guinea's Acting Governor, Elizabeth Genia, has moved to reassure business leaders that a devaluation of the country's currency is not on the cards.
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Credit Corp PNG CEO explains why the company is on the cusp of a major transformation

17 May 2023 by Mark Story 1 Comment

CEO Danny Robinson walks Business Advantage PNG through plans to become a niche commercial bank after the [bank] regulator recently fast-tracked the finance company’s application for a full banking licence in Papua New Guinea.
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New players to fuel Papua New Guinea’s banking sector growth

4 Apr 2023 by Mark Story Leave a Comment

There is broad agreement that Papua New Guinea needs more competition in its banking sector, and several finance companies have flagged their desire to acquire banking licences. What happens next, however, is likely to depend on government action.
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Papua New Guinea’s stock exchange looks to blockchain

22 Jun 2022 by Business Advantage PNG 2 Comments

The prospect of instantaneous settlements on Papua New Guinea's stock exchange, PNGX, has moved a little closer with a new agreement to explore blockchain technology to support its trading system. PNGX Chairman David Lawrence tells Business Advantage PNG the technology could 'turbocharge' PNG's capital markets.
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Technology & growth: Moni Plus looks to a banking licence and IPO

8 Jun 2022 by Business Advantage PNG Leave a Comment

Despite the pandemic’s severe economic impacts in Papua New Guinea, financial institution Heduru Moni Limited (trading as Moni Plus) achieved record-breaking revenues and profits in 2021. Business Advantage PNG sat down with the company’s new CEO, Aho Baliki OBE, to discuss its successes and ambitious plans for growth.
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Credit Corporation banks on the future in Papua New Guinea

2 Mar 2022 by Business Advantage PNG 7 Comments

After over 42 years as finance company in Papua New Guinea, Credit Corporation (PNG) Ltd is planning to apply for a banking licence this year. CEO Danny Robinson explains why to Business Advantage PNG.
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Kina Bank’s major play for Papua New Guinea’s SME market

15 Nov 2021 by Business Advantage PNG 25 Comments

Kina Bank has unveiled its own range of products aimed at supporting SMEs in Papua New Guinea. Chief Executive Officer Greg Pawson explains the thinking behind the move to Business Advantage PNG.
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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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2023 Papua New Guinea Investment Conference – the preview
With just a month to go until this year’s Business Advantage Papua New Guinea Investment Conference (Brisbane, 10 & 11 August), here’s an idea of what to expect. The program is mostly finalised and we’re really excited it features one of Australia’s best-known business commentators, Alan Kohler. Alan not only has a sound grasp of current business trends, but also […]
Innovation conference set for November in Port Moresby
Innovation PNG, an international-standard event bringing the best of new technology, creative solutions and innovative thinking to PNG, will be held on 10 November in Port Moresby. The event, to be held at APEC Haus, is a joint initiative of the Port Moresby Chamber of Commerce and Industry (POMCCI) and business event specialists, Business Advantage […]
2023 Papua New Guinea Investment Conference dates announced
The 2023 Papua New Guinea Investment Conference will be held at the Brisbane Convention and Exhibition Centre, Brisbane, Australia on 10 & 11 August 2023. The post 2023 Papua New Guinea Investment Conference dates announced appeared first on Business Advantage International.

Banking and finance

Niugini Assurance’s CEO lays out plans to continue its strong growth

No hard devaluation of the kina, says Bank of Papua New Guinea Governor

Credit Corp PNG CEO explains why the company is on the cusp of a major transformation

New players to fuel Papua New Guinea’s banking sector growth

Papua New Guinea’s stock exchange looks to blockchain

Technology & growth: Moni Plus looks to a banking licence and IPO

Credit Corporation banks on the future in Papua New Guinea

Kina Bank’s major play for Papua New Guinea’s SME market

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

Editor’s picks

Work begins on Kumul Petroleum’s world-class fabrication facility in Papua New Guinea

Papua New Guinea’s organically certified vanilla can demand premium prices

In brief: Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, and other business stories

Conference catches Papua New Guinea of the cusp of a new era of investment

Kina exchange rate

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