Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
New players to fuel Papua New Guinea’s banking sector growth
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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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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: Kina Bank, Pharmaceutical Society, Air Niugini
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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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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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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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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.
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.
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