What are Papua New Guinea’s best-performing listed companies?

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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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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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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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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.

Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

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It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea’s Independent Consumer and Competition Commission has issued a ‘final determination’ declining authorisation of Kina’s proposed acquisition of Westpac Papua New Guinea.

In brief: K92 Mining strikes gold and other business stories

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K92 Mining announces high-grade mineralisation in Judd vein deposit, SP Brewery new product launch, and Twinza Oil still waiting on final agreement for Pasca A. The business news you need today.

Kina Bank reports rise in net profits for first half of the year

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Kina Bank has reported a 36% increase in net profit for the first half of 2021, compared to the corresponding period last year.  The results suggest the bank is successfully weathering the impact COVID-19 pandemic.

Welcome to Jungle: Papua New Guinea’s online market scene expands

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This year, Papua New Guinea saw the launch of Jungle, an online market place for businesses of all sizes. Jungle’s co-founders share with Business Advantage PNG the challenges they’ve overcome and their views on the future of online retailing in PNG.

Kina Bank presents its vision for Westpac to Papua New Guinea’s regulator

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If Kina Bank’s acquisition of Westpac’s Pacific operation proceeds, it will be rebranded East West Commercial Bank, a stand-alone ‘Pan-Pacific’ bank to compete against its new parent. That’s according to a presentation made by Kina last week as it tries to convince Papua New Guinea’s Independent Consumer and Competition Commission of the deal’s merits.

ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets

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In an interim determination, Papua New Guinea’s Independent Consumer and Competition Commission (ICCC) says it may not allow Kina Bank to buy Westpac’s remaining assets in the Pacific.