Trade Minister Maru says he will recommend the government abandon its proposed rice policy, Bougainville landowners want government to hold its BCL shares, and Fiji says there are no bans on PNG imports. Your weekly digest of the latest business news.
Papua New Guinea’s top two bankers, Loi Bakani, Governor of the Bank of Papua New Guinea and Robin Fleming, Chief Executive of Bank South Pacific, have asserted that the kina is not ‘controlled’. The shortage of foreign exchange is rather due to supply demand imbalances—but there is light at the end of the tunnel.
A new insurance joint venture, an ultimatum on corned beef trade ban, plans to limit rice imports. Your weekly digest of the latest business news.
A new board member at Bank South Pacific, and a new CEO for the Coffee Industry Corporation
Despite short-term weaknesses, oil and gold prices are up over the year so far. Gas prices, although only half their 2014 peak, may be finding a floor while coffee prices are strong. Meanwhile, domestic equities have moved sideways, while some Australian miners have surged. Business Advantage PNG’s monthly overview of commodity and financial markets.
Chairman of Bougainville Copper resigns, Deputy chair of BSP resigns, new partners at Deloitte’s
Developing name recognition is essential to businesses at any level. That is what Helen Victor, owner of Zoenani Gas Supplies, has achieved—with the help of Bank South Pacific’s Smart Business start up package. When her customers see her coming, they say: ‘Here comes the Gas Lady.’ The familiarity has been crucial.
With Papua New Guinea’s soon-to-be-completed National Transmission Network likely to bring improved internet speeds and reliability by the end of the year more PNG companies are expected to explore the possibility of selling goods and services online. Andrew Wilkins looks at the potential for ecommerce.
O’Neill assures students 2016 Budget will be implemented, Singapore’s Jaya Holdings buys Moni Plus for K518million and Bougainville aims for mid-2019 independence vote. Your weekly digest of the latest business news.
Bank South Pacific’s SME manager, Dennis Konu, explains the bank’s innovative SME strategy and how he is relishing his role with the APEC Business Advisory Council (ABAC).