There is broad agreement that Papua New Guinea needs more competition in its banking sector, and several finance companies have flagged their desire to acquire banking licences. What happens next, however, is likely to depend on government action.
In brief: K92 gets lease extension for Kainantu mine and other business stories
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7 Dec 2022 by Leave a Comment
Canadian company K92 Mining gets lease extension, PNG DataCo announces cables damaged after the September earthquake have been repaired and Kina Bank changes plans because of the raise in corporate tax. Your business news, curated and summarised.
People moves: BSP, Barrick Gold, Heduru Moni, Kina Bank, Coca-Cola
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9 Nov 2022 by Leave a Comment
A new Group CEO for BSP Financial Group, Barrick Gold and Heduru Moni announce new Independent Directors, Kina Bank welcomes new Regional Manager and Coca-Cola appoints new marketing executive.
People moves: Kina Bank, Pharmaceutical Society, Air Niugini
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10 Aug 2022 by Leave a Comment
Kina Bank announces a new Business Development Manager, the Pharmaceutical Society of Papua New Guinea appoints new patron, and Air Niugini welcomes two new directors.
In brief: Wafi-Golpu mine negotiations reach ‘final leg’ and other business news
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15 Jun 2022 by Leave a Comment
MRA head says Wafi-Golpu mine negotiations are in their ‘final leg’, fuel prices expected to increase and coffee prices expected to drop. The business news you need this morning.
In brief: Pacific nations decline signing economic and security deal with China & other news
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1 Jun 2022 by Leave a Comment
Pacific nations, including Papua New Guinea, have declined signing a deal with China, Papua New Guinea Customs expects losses of K200 million and Ihu SEZ commences second phase and gathers interest from several countries. The business news your need.
What are Papua New Guinea’s best-performing listed companies?
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4 Apr 2022 by 1 Comment
With the reporting season for the 2021 financial year in Papua New Guinea over, which of Papua New Guinea’s listed companies performed the best last year? Analysis from stockbroker JMP Securities tells us, and also gives us a unique view on how the market has performed over the past year.
In brief: Kina Bank announces new branches in Papua New Guinea and other business stories
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1 Dec 2021 by 1 Comment
Kina Bank to open new branches in Papua New Guinea, Minister for Information & Communication Technology launches new ICT plan, and Nambawan Super starts construction of Waigani office complex. The business news you need today.
Kina Bank’s major play for Papua New Guinea’s SME market
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15 Nov 2021 by 25 Comments
Kina Bank has unveiled its own range of products aimed at supporting SMEs in Papua New Guinea. Chief Executive Officer Greg Pawson explains the thinking behind the move to Business Advantage PNG.
In brief: Papua New Guinea signs agreements to build refinery and mint facility and other business stories
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3 Nov 2021 by 1 Comment
A project to build a refinery and mint facility in Port Moresby could put Papua New Guinea in the ‘world gold map’, Bougainville to receive K50 million electricity support package, and new agribusiness development in Western Province. The business news you need today.
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