Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
Papua New Guinea banks report substantial fall in forex waiting times
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15 Aug 2024 by 2 Comments
People moves: Kina Securities Limited, BSP Financial Group, POMCCI
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14 Aug 2024 by Leave a Comment
New Director for Kina Securities Limited, changes in BSP’s executive management team, new CEO for the Port Moresby Chamber of Commerce and Industry.
People moves: BSP and Pacific Islands Forum Fisheries Agency
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30 Jul 2024 by Leave a Comment
New BSP Financial Group secretary, historic appointment for Pacific Islands FFA.
Breaking new ground: Tuhava Town shows the way for land use in Papua New Guinea
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2 Jul 2024 by 2 Comments
The ambitious housing development from Rhodes PNG Limited is a “first of its kind” land-use model that aims to deliver affordable housing to the country’s rising middle class.
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.
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.
‘Cautiously optimistic’: BSP CEO sees improved conditions as Papua New Guinea’s resources projects ramp up
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28 Feb 2024 by Leave a Comment
How does Papua New Guinea’s largest bank see the outlook for business this year? In this exclusive interview with Business Advantage PNG, BSP Financial Group’s CEO Mark Robinson assesses the trends, risks and opportunities, and how factors such as foreign exchange and a devaluing kina will play a part.
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: the Prime Minister of India visits Papua New Guinea and other business stories
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24 May 2023 by Leave a Comment
Reduced internet costs could be expected this year, the Finschhafen District Hydropower Project advances and the Prime Minister of India visits Papua New Guinea to participate in forum.
People moves: Niusky Pacific, NAC, BSP, Chamber of Mines and Petroleum, Pacific Re, Kina Bank
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9 May 2023 by Leave a Comment
Niusky Pacific announces Acting Chief Executive Officer, the National Airports Corporation welcomes Acting Managing Director, BSP Financial Group appoints new Group Chief Operating Officer, the Chamber of Mines and Petroleum confirms council members for the new term, Pacific Re farewells Chief Executive Officer, and a board change at Kina Bank.
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