Papua New Guinea’s major banks tell Business Advantage PNG they are now seeing a dramatic fall in foreign exchange backlogs. What’s driving this improved forex availability – and is a permanent solution to this critical business impediment at hand?
Finance sector forms a digital vanguard in Papua New Guinea
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30 May 2025 by Leave a Comment
Papua New Guinea’s financial institutions are playing a leadership role in digitalising its economy. The country’s bankers talk to Business Advantage PNG about their major investments in new technology, and how this is driving business growth.
Investing in Papua New Guinea: five things to watch in 2025
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16 Apr 2025 by 1 Comment
Special economic zones, green finance, privatisations and more: Business Advantage PNG lists five key focus areas to look out for in Papua New Guinea’s investment space this year.
National Banking Corporation chair shares roadmap to public listing
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15 Apr 2025 by Leave a Comment
State-owned National Banking Corporation (NBC) secured a commercial banking licence in December 2024. In this exclusive interview, Chairman Darrell Seeto shares his plans to get the bank to profitability and a listing on Papua New Guinea’s stock exchange.
Greylisting: what it could mean for Papua New Guinea’s banks and their customers
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30 Jan 2025 by Leave a Comment
Late in 2024, a 226-page report by the global Financial Action Task Force was quietly published online that may, according to the experts, have a significant impact on Papua New Guinea’s banking and finance system. Business Advantage PNG takes a closer look.
Bank of Papua New Guinea issues new directive on forex order priorities
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19 Nov 2024 by 4 Comments
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
Bank of Papua New Guinea program aims to generate funds for green projects
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23 Oct 2024 by 2 Comments
The Green Finance Centre was founded this year under the aegis of the Bank of Papua New Guinea, with the aim of creating a framework to facilitate investments in areas such as renewables and climate resilience. Its head Mohinesh Prasad shared the centre’s plans and progress in a speech to the 2024 Business Advantage PNG Investment Conference.
Opinion: A fix to PNG’s kina and forex woes
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25 Sep 2024 by 6 Comments
The Bank of Papua New Guinea and the International Monetary Fund believe continued depreciation of the kina is the way to alleviate the country’s ongoing foreign exchange shortages. ANZ economists Kishti Sen and Tom Kenny argue there are better alternatives.
Editorial: Domestic investors fill the gap while Papua New Guinea awaits next wave
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10 Sep 2024 by 2 Comments
Forex shortages in PNG have acted as handbrake on both economic growth and foreign direct investment over the past decade, according to the IMF. However, domestic and concessional investors have been stepping in to keep PNG’s economy moving.
Opinion: Papua New Guinea’s foreign exchange challenges
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27 Aug 2024 by Leave a Comment
David Toua, Chairman of the Bank of Papua New Guinea, details how the central bank is tackling the economy’s most pressing issues, including foreign exchange, government debt, and the digital future of banking.
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