Banking and finance

BSP expands further into the Pacific and launches new subsidiary

4 Feb 2015 by Business Advantage PNG

A commitment to growth throughout the Pacific region has continued for Papua New Guinea-based Bank of South Pacific, with the acquisition of new Pacific operations from Westpac and launch of a new subsidiary.
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In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories

28 Jan 2015 by Business Advantage PNG Leave a Comment

Elk-Antelope arbitration hearing in London completed, fuel supplies to return after roadblocks eased, and Santos delivers sales records. Your weekly digest of the latest business news.
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Papua New Guinea’s Kina Group looks to the future

11 Dec 2014 by Business Advantage PNG Leave a Comment

From modest beginnings, Papua’s New Guinea’s largest non-bank financial services company, the Kina Group, has come a long way. Chief Executive Officer Syd Yates explains the Kina vision to Business Advantage PNG.
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Papua New Guinea’s oldest finance company remains optimistic

3 Dec 2014 by Business Advantage PNG 1 Comment

Papua New Guinea’s credit finance industry has had ‘a challenging year’, according to Peter Burland, at one of the country’s leading finance companies, Credit Corporation Finance Ltd. Despite that, the company has expansion plans, he tells Business Advantage PNG.
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Record Budget and higher deficit feature in 2015 Papua New Guinea Budget forecasts

19 Nov 2014 by Business Advantage PNG 5 Comments

The Papua New Guinea Treasurer Patrick Pruaitch has presented a record K16 billion national budget for 2015, but with an increased deficit of K2.272 billion.
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Micro finance sector in Papua New Guinea expanding services

12 Nov 2014 by Business Advantage PNG 10 Comments

Sharing nearly 500,000 clients, Papua New Guinea’s micro finance industry is expanding its reach, its numbers and its services. Business Advantage PNG looks at what the industry is offering.
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Opinion: Using the central bank to finance Papua New Guinea’s deficit is a ‘slippery slope’

29 Oct 2014 by Paul Flanagan 3 Comments

The Papua New Guinea economy is on the edge of a ‘slippery slope’, if the Bank of PNG finances government debt and continues to fix the exchange rate at too high a rate. Former Australian Treasury advisor Paul Flanagan says compounding the problems are rising inflation, falling foreign exchange reserves, and declining private sector credit growth.
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Papua New Guinea economy facing ‘significant challenges’ as growth reaches fastest in 40 years

24 Sep 2014 by Business Advantage PNG 1 Comment

The Papua New Guinea economy is facing significant challenges, as growth reaches 20-22% next year, ANZ Asia-Pacific Chief Economist Glenn Maguire told this month's Papua New Guinea Advantage Investment and Infrastructure Summit in Port Moresby.
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ANZ suggests a Papua New Guinea government bond issue to finance deficit spending

27 Aug 2014 by Business Advantage PNG 3 Comments

The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century.
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BRICS bank offers investment access potential for Pacific nations

27 Aug 2014 by Business Advantage PNG 1 Comment

After years of relationship building, the BRICS nations-Brazil, Russia, India, China and South Africa-are setting up their investment bank. It’s a milestone for this strange mix of economies, but offers Pacific nations access to investment capital, says BRICS expert, David Thomas.
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Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]

Banking and finance

BSP expands further into the Pacific and launches new subsidiary

In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories

Papua New Guinea’s Kina Group looks to the future

Papua New Guinea’s oldest finance company remains optimistic

Record Budget and higher deficit feature in 2015 Papua New Guinea Budget forecasts

Micro finance sector in Papua New Guinea expanding services

Opinion: Using the central bank to finance Papua New Guinea’s deficit is a ‘slippery slope’

Papua New Guinea economy facing ‘significant challenges’ as growth reaches fastest in 40 years

ANZ suggests a Papua New Guinea government bond issue to finance deficit spending

BRICS bank offers investment access potential for Pacific nations

Editor’s picks

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

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