Banking and finance

China’s Belt and Road Initiative’s likely impact on Papua New Guinea

22 May 2019 by David James 1 Comment

Papua New Guinea was the first Pacific country to sign up to China’s Belt and Road Initiative, an infrastructure development program across Eurasia. David James considers some of the implications identified by analysts.
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Women’s Micro Bank: empowering Papua New Guinean women one bank account at a time

8 May 2019 by Kevin McQuillan 5 Comments

After receiving its banking licence five years ago, Women’s Micro Bank expects to deliver its first dividend in 2020. General Manger, Gunanidhi Das, tells Business Advantage PNG, the bank now has 27,000 customers, and aims to have 30,000 next year.
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Digital ID, digital money: how the mobile phone can reach the unbanked in Papua New Guinea

17 Apr 2019 by David James Leave a Comment

Three quarters of Papua New Guinea’s population is excluded from the financial sector, but there are differing thoughts about how to include them. David James looks at some of the options being proposed for PNG and notes the mobile phone is the key to all of them.
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ANZ’s new strategy for Papua New Guinea

8 Apr 2019 by David James Leave a Comment

With regulatory approval finally received for ANZ’s sale of its retail banking assets in Papua New Guinea, ANZ PNG’s Chief Executive Officer Mark Baker talks to Business Advantage PNG about the bank’s future plans in the country.
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Papua New Guinea’s new finance sector strategy a response to ‘staggering’ growth

20 Feb 2019 by David James Leave a Comment

Massive growth in participation has forced the Papau New Guinea Government to come up with new strategies for the finance sector and financial inclusion. Business Advantage PNG's David James reviews the strategies and finds a greatly enhanced role for the central bank.
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Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor

29 Jan 2019 by Business Advantage PNG Leave a Comment

The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.
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Foreign exchange becoming more available, says BSP’s CEO Robin Fleming

15 Jan 2019 by David James Leave a Comment

Robin Fleming, Chief Executive of Bank South Pacific – Papua New Guinea’s biggest bank – says foreign exchange availability is improving. In this exclusive interview with Business Advantage PNG, he also discusses BSP's approach to risk, and its new digital offerings.
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Kina Bank sees opportunity to be Papua New Guinea’s leading digital bank

4 Dec 2018 by Kevin McQuillan Leave a Comment

Kina Bank’s vision is to be the country’s leading digital bank, CEO Greg Pawson tells Business Advantage PNG. He says the bank is preparing to take over ANZ PNG’s retail, commercial and SME businesses.
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Oil and LNG prices have fallen but coffee prices jump sharply: a monthly review of Papua New Guinea’s commodity and financial markets

30 Oct 2018 by David James Leave a Comment

Oil and LNG prices have shown weakness but coffee is up. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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IFC to issue Papua New Guinea’s first AAA-rated domestic bond to deepen financial markets

23 Oct 2018 by David James Leave a Comment

Following the successful launch of Papua New Guinea's first sovereign bond, the International Finance Corporation is intending to issue a AAA bond as part of its efforts to deepen the financial markets in Papua New Guinea. John Vivian, IFC’s Resident Representative for Papua New Guinea, tells Business Advantage PNG that it can also assist corporate funding.
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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 […]
Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]

Banking and finance

China’s Belt and Road Initiative’s likely impact on Papua New Guinea

Women’s Micro Bank: empowering Papua New Guinean women one bank account at a time

Digital ID, digital money: how the mobile phone can reach the unbanked in Papua New Guinea

ANZ’s new strategy for Papua New Guinea

Papua New Guinea’s new finance sector strategy a response to ‘staggering’ growth

Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor

Foreign exchange becoming more available, says BSP’s CEO Robin Fleming

Kina Bank sees opportunity to be Papua New Guinea’s leading digital bank

Oil and LNG prices have fallen but coffee prices jump sharply: a monthly review of Papua New Guinea’s commodity and financial markets

IFC to issue Papua New Guinea’s first AAA-rated domestic bond to deepen financial markets

Editor’s picks

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

Report from the 2024 Papua New Guinea Investment Conference

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