‘A work in progress’ is how Brett Andrew describes his rebuilding of the decades-old Papua New Guinea finance firm, RIFL.
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Reborn RIFL has growth in its sights
22 May 2013 by
Banking and finance
BSP launches its own mobile wallet
21 May 2013 by
Papua New Guinea’s largest bank, BSP, has joined PNG’s growing mobile wallet market, with the launch last week of Wantok Moni.
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Interview: departing CEO Ian Clyne on three companies that have transformed Papua New Guinea forever
14 May 2013 by Leave a Comment
After five years as 'boss bilong BSP', Ian B Clyne completes his five-year appointment as the CEO of PNG’s largest bank at the end of this month. Business Advantage PNG caught up with him for one final chat.
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Kina Assets Management Limited returns up: Namaliu
14 May 2013 by
Kina Assets Management Limited (KAML), Papua New Guinea’s first and only listed investment company, has announced a return of 7.2% for the first quarter of 2013.
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New prudential rules for the finance industry – opportunity or expensive overhead?
1 May 2013 by 2 Comments
Commercial lawyer Steven Kami says PNG’s superannuation and life insurance sectors are worried about the effect of the new prudential standards on corporate governance, and in particular the effect on eligible directors.
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Kina Asset Management profit turnaround
19 Mar 2013 by
Papua New Guinea’s first listed investment company, Kina Asset Management Ltd, (KAML) has announced a net profit of K4.73m ($US2.21m) in 2012, compared to a net loss of K9.43m (US$4.41m) the previous year.
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Credit Corporation profits up 250%
14 Mar 2013 by
Papua New Guinean finance company Credit Corporation, the target of recent buyout interest from BSP, has posted increased profits of K106.11 million in the financial year ending 31 December 2012.
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Nasfund turnaround due to improved investment performance: Tarutia
27 Mar 2013 by
PNG’s largest superannuation fund, Nasfund, released its annual results earlier this month. Business Advantage PNG spoke with its Chief Executive Officer Ian Tarutia.
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BSP’s Ian B Clyne: Technology is the key
19 Feb 2013 by
BSP, PNG’s largest bank, is being recognised globally as a major innovator with mobile technology. In our exclusive interview, Group CEO Ian B Clyne reflects on a momentous year for the bank and its plans for future growth. Business Advantage PNG (BAPNG): I gather BSP opened a record number of new accounts last year. How […]
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Managing risk in Papua New Guinea
29 Jan 2013 by 1 Comment
The insurance industry in PNG looks forward to consolidation, more growth and regulatory reform in the coming year. Optimism in PNG’s insurance sector is high with companies seeking to expand amid the strong economic growth of PNG. ‘The economy is very healthy,’ says Chris Giddings of Pacific Re, a Port Moresby-based reinsurance firm, and President […]
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