In brief: US, Australia and Japan announce new infrastructure fund for the Pacific, and other business stories

Galip nut industry taking off, Horizon Oil reports strong quarter, and two online marketplaces launched. Your weekly digest of the latest business news.

In brief: Silencing Facebook, and other business stories

When social media gets shut down; what next for Total; and a proposed merger of  two seafood companies. Your weekly digest of the latest business news.

In brief: Papua New Guinea to issue Eurobond later this year, and other business stories

A US$500 million Eurobond to be issued later this year, Government owes US$88 million to local businesses and February earthquake bill to cost five percent of government expenditure. Your weekly digest of the latest business news.

BSP CEO says forex issues will continue but medium term looks positive

Foreign exchange issues will continue in the short term according to Robin Fleming, Chief Executive of Bank South Pacific [BSP]. But he tells Business Advantage PNG that there are better longer-term prospects and that Papua New Guinea’s biggest bank is thriving in a challenging economic environment.

People moves: BSP, Miss Pacific Islands Pageant

Promotion for Bank South Pacific’s NCG Area Manager, Papua New Guinea representative at pageant selected

In brief: Leading banker calls for more foreign exchange injection, and other business stories

BSP wants another US$100-200m foreign exchange injection, Air Niugini expects local business benefits from Rugby League games, and gold refinery to expand. Your weekly digest of the latest business news.

Brand poll shows that well-established companies dominate in Papua New Guinea

A new online survey by Business Advantage PNG to identify Papua New Guinea’s most recognisable local brands suggests that there are four stand out companies. So, what makes brands ‘stick’ with consumers?

Singapore emerging as a regional option for Papua New Guinea companies

Businesses in Papua New Guinea seeking to establish a presence in the Asian region are increasingly looking at Singapore as a stepping-stone to expand their market reach or increase their shareholder base. There is also growing interest from Singapore-based businesses looking at the PNG market.

Papua New Guinea’s banks face high economic risks, reflecting debt and resource reliance, says ratings agency, S&P Global

The economic risks faced by the three main commercial banks in Papua New Guinea are very high, says ratings agency S&P Global Ratings. But Associate Director Andrew Mayes tells Business Advantage PNG, credit risk is ‘well-managed’.

Releasing more land key to increasing Papua New Guinea home ownership

Demand for housing in Papua New Guinea is strong but there is a shortage of supply, according to the latest survey by Hausples, a Port Moresby-based real estate technology company.