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Banking and finance

Deloitte PNG head on how technology is driving growth in Papua New Guinea’s finance sector [video]

25 Mar 2025 by Leave a Comment
Herbert Maguma, Managing Partner at Deloitte PNG, speaks with Business Advantage PNG about how investments in digital channels and AI are reshaping Papua New Guinea's financial services sector. He also goes into detail about the likely impact of a financial greylisting on the PNG economy.
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Greylisting: what it could mean for Papua New Guinea’s banks and their customers

30 Jan 2025 by Leave a Comment
Late in 2024, a 226-page report by the global Financial Action Task Force was quietly published online that may, according to the experts, have a significant impact on Papua New Guinea's banking and finance system. Business Advantage PNG takes a closer look.
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Bank of Papua New Guinea issues new directive on forex order priorities

19 Nov 2024 by 4 Comments
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
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Bank of Papua New Guinea program aims to generate funds for green projects

23 Oct 2024 by 2 Comments
The Green Finance Centre was founded this year under the aegis of the Bank of Papua New Guinea, with the aim of creating a framework to facilitate investments in areas such as renewables and climate resilience. Its head Mohinesh Prasad shared the centre’s plans and progress in a speech to the 2024 Business Advantage PNG Investment Conference.
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What businesses need to know about ESG and responsible investment [video]

8 Oct 2024 by Leave a Comment
There is a “a wave of regulation on climate disclosure coming into effect all over the world,” including in all Papua New Guinea's major trading partners, reports Geri McMahon, KPMG Australia's Global Head of ESG, Asset Management Sector. Watch her presentation on what business needs to know from the 2024 Business Advantage PNG Investment Conference.
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New banks in Papua New Guinea to ‘change the game’

27 Aug 2024 by 1 Comment
Credit Corporation was one of two financial institutions to receive PNG commercial banking licences this month, with more new banks planned. Credit Corp's Chief Executive Danny Robinson outlines his bank's digital-first approach, while the IFC's Kevin Gani explains the path forward for other prospective banks.
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Papua New Guinea’s banks embrace a digital future

18 Apr 2024 by 1 Comment
Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, where about 75 per cent of the population remain unbanked. Business Advantage PNG talks to the key players find out what's coming.
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