If Kina Bank’s acquisition of Westpac’s Pacific operation proceeds, it will be rebranded East West Commercial Bank, a stand-alone ‘Pan-Pacific’ bank to compete against its new parent. That’s according to a presentation made by Kina last week as it tries to convince Papua New Guinea’s Independent Consumer and Competition Commission of the deal’s merits.
Six months into his five-year term, the Chairman of the Small and Medium Enterprises Corporation of Papua New Guinea, John Pora, talks exclusively to Business Advantage PNG about the government body’s ambitious plans to develop the SME sector.
The progress of Twinza Oil’s US$2.4 billion (K8.42 billion) Pasca A offshore gas project in Papua New Guinea has again stalled, following a draft gas agreement from the government which the developer claims ‘bears no resemblance’ to the terms it agreed last month.
An Emstret Holdings alumnus has opened Sushi Fix, a Japanese food restaurants specialising in sushi with a Papua New Guinean twist.
With the Digital Government Bill scheduled to be presented to Papua New Guinea’s Parliament this month, Steven Matainaho, Secretary of Department of Information and Communication Technology, provides a glimpse of what eGovernment in PNG could look like.
The merger of two of the major players in Papua New Guinea’s oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?
In an interim determination, Papua New Guinea’s Independent Consumer and Competition Commission (ICCC) says it may not allow Kina Bank to buy Westpac’s remaining assets in the Pacific.
What does Papua New Guinea need to do to add more value to its produce? Chey Scovell, CEO of PNG’s Manufacturers Council has told a Business Advantage PNG briefing that the country is already doing better than many think, and that a ‘holistic’ approach is needed to boost the manufacturing sector further.
Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
Businesses in Papua New Guinea are playing a key role in helping their employees make an informed decision about the COVID-19 vaccine. Dr Ann M. Clarke, Project Manager at the non-for-profit Business for Health PNG (B4H), shares her insights with Business Advantage PNG.