Banking and finance

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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New lender Savi Moni aims to offer a smart solution for staff loans

22 Jan 2021 by David James Leave a Comment

A new lender, Savi Moni, is entering Papua New Guinea's financial services market. Founder and Managing Director Nick Keane tells Business Advantage PNG that the aim is to minimise the burden on employers, provide affordable and responsible loans, and promote financial wellbeing.
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Kina Bank buys Westpac’s Pacific assets in billion kina deal

7 Dec 2020 by Business Advantage PNG 5 Comments

Kina Bank has consolidated its position as Papua New Guinea's second largest bank, and also taken a first step towards becoming a regional bank, by acquiring the assets of Westpac in Papua New Guinea and Fiji.
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Papua New Guinea’s 2021 National Budget: the most ‘challenging in our lifetime’

23 Nov 2020 by David James 1 Comment

The current economic conditions are the most ‘challenging in our lifetime', according to Justin Smirk, Senior Economist at Westpac. He told a Business Advantage PNG briefing that the success of the 2021 National Budget depended on getting Papua New Guinea's non-resources economy firing.
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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

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

New lender Savi Moni aims to offer a smart solution for staff loans

Kina Bank buys Westpac’s Pacific assets in billion kina deal

Papua New Guinea’s 2021 National Budget: the most ‘challenging in our lifetime’

Pandemic push: Kina Bank’s ambitious ecommerce plans for Papua New Guinea

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Editor’s picks

Ramu 2 hydro will be a gamechanger for Papua New Guinea, says PNG Power MD

From Papua New Guinea to the world: meet Shopsmart, PNG’s first ecommerce marketplace

Oil Search’s MD talks about the next wave of gas projects in Papua New Guinea

In brief: Prime Minister says deal for Porgera’s reopening imminent and other business stories

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