The Solomon Islands economy has experienced steady growth over the last two years. Derek Aihari, Director of InvestSolomons tells Business Advantage PNG that the country is looking to develop its already close links to Papua New Guinea.
Credit Corporation (including CreditBank)
While it is adapting to increased competition and quieter market conditions at home, PNG’s largest finance company, Credit Corporation, is not standing still. Chief Executive Tor Bowen tells Business Advantage PNG that the company will open its first South East Asian operation, in neighbouring Timor Leste.
Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.
Senior management changes at Newcrest, a new CEO at Credit Corp and university student crowned as Miss PNG 2016
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.
Two directors resign from Credit Corporation, Kina Securities appoints an Executive General Manager, Wealth, and Oceanie Lawyers merges with Holding Redlic
A new Director at Kina Securities, a new General Manager (HR) at BSP, the Group CEO of Credit Corp to retire and a new Country Manager at AirSwift
Changes to PNG Power’s senior management, a new Chairman at Credit Corp and a new Australian High Commissioner to PNG
Analysts predict Woodside will up its takeover offer for Oil Search, Business leader estimates K1.5 billion in foreign currency waiting for processing, and NZ re-opens its trade office in Port Moresby. Your weekly digest of the latest business news.
Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.