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.
Papua New Guinea businesses still face serious forex delays, despite interventions
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23 May 2024 by 1 Comment
PNG banks and businesses tell Business Advantage PNG of considerable variation in wait times for foreign exchange, as the country’s central bank acknowledges the economic damage caused. We look at the prospects for improvement.
Cocoa drives Papua New Guinea’s cash-crop boom
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21 May 2024 by 1 Comment
Papua New Guinea (PNG) is poised to record its best-ever annual cash-crop export revenue in 2024, largely on the back of surging global cocoa prices, notes ANZ economist Kishti Sen.
Papua New Guinea’s banks embrace a digital future
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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.
State of Emergency declared to ‘maintain and stabilise’ Papua New Guinea’s fuel supply
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2 Aug 2023 by 2 Comments
In direct response to the ongoing disruption of fuel supplies in Papua New Guinea, Petroleum Minister Kerenga Kua has declared an extraordinary 30-day State of Emergency.
In brief: Puma Energy foreshadows risk of fuel shortages and other business stories
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19 Jul 2023 by Leave a Comment
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
Papua New Guinea’s currency flagged to continue ‘gentle’ fall
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5 Jul 2023 by Leave a Comment
The Papua New Guinea kina is starting to experience a very gradual erosion against its key trading currency, the US dollar.
People Moves: Nasfund, Newcrest Mining, ANZ Bank, NAC, Vodafone, East West Transport, BAPNG, PNG Air
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20 Dec 2022 by Leave a Comment
New CEOs for Nasfund and ANZ Bank, Newcrest CEO retires, changes at National Airports Corporation, new GM for East West Transport and new marketing head at Vodafone PNG and
People moves: PNG Power, ANZ, CPL Group, Censorship Office
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8 Jun 2022 by Leave a Comment
New boss for PNG Power, new Regional Executive, Pacific at ANZ, Jack’s of PNG welcomes new Retail Managers, and the Censorship Office announces Deputy Chief Censor.
Green shoots and structural shifts
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19 May 2022 by Leave a Comment
While we’re still waiting for major projects to commence, some key data is suggesting Papua New Guinea’s economy has turned a corner.
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