In brief: Papua New Guinea confirms six new cases of COVID-19 and other business stories

Welcome,

Papua New Guinea’s COVID-19 cases on the rise, Twinza Oil commences negotiations on Pasca-A, and K135 million for agriculture. The business news you need to kickstart your week.

Oil rebounds, LNG stabilises and palm oil up: our monthly review of Papua New Guinea’s commodities and financial markets

Welcome,

The oil price has been extremely weak but the fall in LNG prices has stabilised and palm oil is up: a monthly review of Papua New Guinea’s commodities and financial markets. Business Advantage PNG’s monthly overview of commodity and financial markets.

In brief: Papua New Guinea’s financial institutions respond to State of Emergency and other business stories

Welcome,

Papua New Guinea’s financial institutions offer businesses support for State of Emergency, Oil Search cuts staff, and Air Niugini to resume flights. The business news you need to kickstart your week.

Cashed up and ready to grow: Kina Bank’s plans for 2020

Welcome,

Kina Bank’s operations have expanded dramatically after taking over ANZ’s retail operations in Papua New Guinea. In an exclusive interview, Chief Executive Officer Greg Pawson outlines to Business Advantage PNG its plans for growth. David James reports.

In brief: Papua New Guinea approves progress of Pasca LNG project

Welcome,

Twinza Oil (PNG) to progress Pasca LNG project, Papua New Guinea’s Prime Minister has said that a Supplementary Budget may be announced within the next few weeks, and the Coral Sea Cable project is nearing completion. Your weekly digest of business news.

People moves: Cabinet mini-reshuffle, Kina Bank, Steamships, Newcrest, Singapore Government, Port Moresby General Hospital, Bougainville Copper

Welcome,

Papua New Guinea Government names new Ministers, Kina and Newcrest get new COOs, Steamships appoints a director, new Singapore Honorary Consul-General, new head at Port Moresby General Hospital, and an addition to Bougainville Copper board.

In Brief: Bougainville Copper Limited says there is interest in reviving the Panguna Mine and other business stories

Welcome,

Nine members of Papua New Guinea’s Parliament resigned from the People’s National of Congress, Bougainville Copper Limited said there is interest to revive the Panguna mine, and rice harvesting commenced at Rangiampun in Umi. Your weekly digest of business news.

ANZ’s new strategy for Papua New Guinea

Welcome,

With regulatory approval finally received for ANZ’s sale of its retail banking assets in Papua New Guinea, ANZ PNG’s Chief Executive Officer Mark Baker talks to Business Advantage PNG about the bank’s future plans in the country.

In Brief: Kina Bank gets regulatory approval to acquire ANZ assets in Papua New Guinea and other business stories

Welcome,

Kina Bank acquisition of ANZ assets gets regulatory approval, NASFUND members paid K8.5 million in interest and Nautilus to be delisted. Your weekly digest of business news.

Kina Bank sees opportunity to be Papua New Guinea’s leading digital bank

Welcome,

Kina Bank’s vision is to be the country’s leading digital bank, CEO Greg Pawson tells Business Advantage PNG. He says the bank is preparing to take over ANZ PNG’s retail, commercial and SME businesses.