In brief: Third mobile carrier getting ready to roll by year-end and other business stories

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Communications Minister confident in a new telco by year-end, the ICCC initiates review of Kina’s takeover of Westpac, and Ok Tedi Mining pledges K10 million in COVID-19 relief. Your business news in brief.

In brief: Bank South Pacific signals intention to list on ASX and other business stories

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Bank South Pacific signals intention to achieve dual listing, National Fisheries Authority gets ready to launch its 10-year plan and Papua New Guinea says farewell to its founding father.

In brief: Papua New Guinea’s founding father dies and other business stories

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Two weeks of national mourning declared after Papua New Guinea’s longest-serving Prime Minister Michael Somare passed away, Ihu Special Economic Zone enters second phase of development and PNG’s exports to China.

In brief: COVID-19 surge in Papua New Guinea and other business stories

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A surge of COVID-19 cases in Papua New Guinea, Oil Search posts major loss and NEC endorses the National Energy Authority Bill 2020. The midweek business news, curated for you by Business Advantage PNG.

In brief: Papua New Guinea’s economy expected to recover by 2.5 per cent and other business stories

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Bank South Pacific executive says Papua New Guinea’s economy will recover by 2.5 per cent, Marape launches seven projects in Kainantu including the Ramu Hydro Power Station 2 and K1 million allocated for communication towers in Gulf Province.

Nothing to fear: Kina Bank’s executive dismisses claims of ‘duopoly’ in Papua New Guinea

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Kina Bank will adopt a ‘multi-brand’ strategy after acquiring Westpac PNG, according to Lesieli Taviri, Executive General Manager for Banking. She believes fears about a duopoly are unfounded.

Kina readies fund to help Papua New Guinea’s SMEs unlock their potential

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Kina Bank’s Chief Executive and Managing Director Greg Pawson is expecting to start the SME Capital Fund this year, which will offer PNG businesses a new way of raising money. He tells Business Advantage PNG it should help business expand.

People moves: Kina Securities, Bank South Pacific, Oil Search, Newcrest

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Kina Securities Ltd announces a new Non-Executive Director, Bank South Pacific (BSP) welcomes a new Director, Oil Search appoints a Communication Manager and Newcrest Mining welcomes new external affairs executive.

Kina Bank buys Westpac’s Pacific assets in billion kina deal

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Kina Bank has consolidated its position as Papua New Guinea’s second largest bank, and also taken a first step towards becoming a regional bank, by acquiring the assets of Westpac in Papua New Guinea and Fiji.

Pandemic push: Kina Bank’s ambitious ecommerce plans for Papua New Guinea

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Kina Bank is introducing some ambitious enhancements to its digital services. Chief Executive Officer Greg Pawson outlines his plans to Business Advantage PNG.