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Banking and finance

BSP CEO says forex issues will continue but medium term looks positive

30 Jan 2018 by 1 Comment
Foreign exchange issues will continue in the short term according to Robin Fleming, Chief Executive of Bank South Pacific [BSP]. But he tells Business Advantage PNG that there are better longer-term prospects and that Papua New Guinea’s biggest bank is thriving in a challenging economic environment.
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IMF report says Papua New Guinea Government taking initiative but challenges remain considerable

16 Jan 2018 by Leave a Comment
A report on the state of the Papua New Guinea economy by the International Monetary Fund (IMF) says the Government has taken some ‘bold steps’ in its economic management. But it contends that the challenges are considerable and would be best managed with an 'active' approach to macroeconomic management.
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Mastercard talks smart chip technology in Papua New Guinea

6 Dec 2017 by Leave a Comment
Mastercard is working with its banking partners to introduce smart card chip technology and contactless payments to Papua New Guinea (PNG). Craig Kirkland, Director of Pacific Islands for Mastercard talks to Business Advantage PNG about this technology and why PNG is an important market for the company.
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Oil and gas prices strong: a monthly review of Papua New Guinea’s commodities and financial markets

29 Nov 2017 by Leave a Comment
Oil and gas prices are up and copper is also strong. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets comes to you from this week's PNG Mining and Petroleum Conference in Port Moresby.
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Smartphones can transform Papua New Guinea’s economy, says futurist Mark Pesce

19 Sep 2017 by Leave a Comment
Smartphone technology can transform the economy, futurist Mark Pesce told the Business Advantage Papua New Guinea Investment Conference in Sydney earlier this month. He painted a long-term picture in which digital technology will allow the country to reap the benefits of the post-industrial era.
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Kina overvalued and one option is to have dual exchange rate, says economist

5 Sep 2017 by 2 Comments
The kina is more than 20 per cent overvalued, according to Marcel Schroder, a lecturer in economics at the Development Policy Centre in the Australian National University (ANU), speaking to a joint University of Papua New Guinea/ANU event in Port Moresby. One option is to introduce a dual exchange rate for a limited time.
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European Investment Bank looking to expand in the Pacific, says regional Head

15 Aug 2017 by Leave a Comment
The European Investment Bank has received a mandate from the European Union to invest in infrastructure projects in the Pacific, including in Papua New Guinea. Head of the EIB’s Pacific Regional Office, Adam Bruun explains to Business Advantage PNG some of the priorities and operational practices of the Bank.
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