A new board chairman for ANZ, a new board member for BSP and a new General Manager at Goodman Fielder.
Papua New Guinea to benefit from ANZ reorganisation, says MD Mark Baker
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7 Feb 2017 by Leave a Comment
Changes in ANZ’s Asia-Pacific strategy could provide benefits to Papua New Guinea, ANZ’s Managing Director in PNG, Mark Baker. He also tells Business Advantage PNG he sees growth potential from PNG’s rising middle class, while mobile phone banking has moved past traditional PC based internet banking services.
Signs of real recovery as big money shows interest in large resource projects
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14 Dec 2016 by Leave a Comment
Sovereign wealth funds, private equity and ‘mega-families’ are showing a growing interest in investing in large resource projects, according to Graham Smith, Global Leader Mining M&A at KPMG Corporate Finance in Australia. The PNG Mining and Petroleum Investment conference was told that investment, debt and equity markets are showing signs of improvement.
People moves: ANZ Bank, Santos, Nautilus Minerals, Digicel
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14 Dec 2016 by Leave a Comment
A new senior appointment at the ANZ, Santos appoints VP to manage non-core assets, Nautilus board member resigns, promotion for Digicel PNG’s Marketing Manager.
Kina to continue to ease until 2018, putting pressure on foreign exchange, according to ANZ
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15 Nov 2016 by Leave a Comment
Papua New Guinea has an improving current account, says Cameron Bagrie, New Zealand Chief Economist for the ANZ Bank. But he says if the financial imbalances are to be dealt with effectively, there needs to be a plan for fiscal consolidation and attention to small details at the microeconomic level.
Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage
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26 Sep 2016 by 1 Comment
The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
In brief: Maru wants Papua New Guinea-Fiji trade dispute resolved by October, and other business stories
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7 Sep 2016 by Leave a Comment
Trade Minister Richard Maru wants trade issues with Fiji resolved this month, UBS buys into Kina Securities, and ANZ offers debit cards in PNG.
In brief: InterOil sale may raise competition issues and other business stories
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27 Jul 2016 by 1 Comment
Competition Commission concerned about possible monopoly in gas sector, O’Neill to issue statement on government shareholding in BCL and ANZ Bank CEO says there may be a need for a Supplementary Budget. Your weekly digest of the latest business news.
People moves: K92 Mining, Kina Securities, ANZ Bank
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25 May 2016 by Leave a Comment
A new board at K92 Mining, Director re-elected at Kina Securities, new CFO at ANZ , Melbourne
People moves: ANZ Bank, PNG Government, MiBank, Newcrest, Melanesian Spearhead Group
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13 Apr 2016 by
ANZ appoints Pacific Regional Executive, new Government Ministers, a new board member at MiBank, Newcrest appoints a new External General Manager and a new Director-General at the Melanesian Spearhead Group.
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