Banking and finance

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 14 Comments

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

18 Nov 2020 by David James 4 Comments

Kina Bank is introducing some ambitious enhancements to its digital services. Chief Executive Officer Greg Pawson outlines his plans to Business Advantage PNG.
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Money for something: Papua New Guinea SMEs should be cautious about loans

9 Nov 2020 by Paul Chai 6 Comments

SME Business Advisor Akae Beach, from Beach Accounting Advisory, looks at the pros and cons of taking part in the Papua New Guinea government’s SME concessional loan plan.
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Tapping the potential: Visa ramps up ecommerce in Papua New Guinea and the Pacific

28 Oct 2020 by Paul Chai Leave a Comment

Credit card giant Visa is fast-tracking its digital revolution to the Pacific due, in part, to COVID-19. According to its senior South Pacific executive, there will benefits for both businesses and consumers.
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Package delivered: government gives first K$100m to help Papua New Guinea SMEs

21 Oct 2020 by Paul Chai 9 Comments

The first half of the Papua New Government Government's promised K200 million funding for small and medium-sized enterprises has been handed over to Bank South Pacific. The money will be used to provide subsidised business loans.
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‘SMEs are hurting’: ANZ’s Mark Baker on the bank’s post-COVID challenges in Papua New Guinea

28 Sep 2020 by David James 2 Comments

Renegotiating terms or refinancing are proving to be the best way to deal with the shock caused by COVID-19 according to Mark Baker, Managing Director of ANZ Bank Papua New Guinea. In an exclusive interview he tells Business Advantage PNG that improving confidence is the big challenge.
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CEO Survey suggests PNG business is less bullish, but still planning to invest
The 2024 results of Papua New Guinea’s annual business confidence survey, the PNG 100 CEO Survey, are out. Since 2012, the data collected by the PNG 100 CEO Survey has revealed trends in business confidence among PNG’s business leaders. Analysis of the survey data by Westpac has led to the creation of PNG’s first business […]
Whatever the size of your organisation, your brand matters
International branding expert Sergio Brodsky told delegates at the recent Innovation PNG 2023 conference why their organisation’s brand matters – and there’s a lot more to it than just your logo. The post Whatever the size of your organisation, your brand matters appeared first on Business Advantage International.
Major digitisation announcements at Innovation PNG
Last week’s 2023 Innovation PNG conference showcased some of Papua New Guinea’s best and brightest. It also featured the announcement of some significant new initiatives to stimulate the digitisation of the country’s economy. A full-day program featured four international keynote speakers presenting in person, including senior representatives from KPMG, Mastercard and Konica Minolta, augmented by […]

Banking and finance

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

Money for something: Papua New Guinea SMEs should be cautious about loans

Tapping the potential: Visa ramps up ecommerce in Papua New Guinea and the Pacific

Package delivered: government gives first K$100m to help Papua New Guinea SMEs

‘SMEs are hurting’: ANZ’s Mark Baker on the bank’s post-COVID challenges in Papua New Guinea

Bank South Pacific to launch new online payment system

Editor’s picks

Economic update: Papua New Guinea’s decade of growth begins

Restaurant review: Lucky Lucky, Port Moresby

Papua New Guinea’s banks embrace a digital future

A closer look at Papua New Guinea’s new international airport, Nadzab Tomodachi

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