New CEO for NICTA, multiple changes at BSP, appointments at PNG Banking Association, new Deputy Chair for Kina Securities.
Kina Securities
CEO changes at Barrick and Newmont, new chief risk officer for Kina Bank, board appointment at NGIP Agmark, Bougainville president wins second term.
A promotion at Pacific Palms Property, a new CEO at National Banking Corporation, Kina Bank welcomes its new Chairman, and a new media manager at New Porgera Ltd.
Papua New Guinea investors enjoyed substantial returns in both the fixed-interest and equities asset classes last year, according to an exclusive analysis for Business Advantage PNG by JMP Securities Managing Director Lars Mortensen.
In a repeat of last year, the 2025 Budget delivered by Papua New Guinea Treasurer Ian Ling-Stuckey outlines record spending and revenue. It also contains a few policy surprises, including a proposed reduction to the company tax rate paid by commercial banks as well as easing of a key paperwork requirement for obtaining foreign exchange.
New Director for Kina Securities Limited, changes in BSP’s executive management team, new CEO for the Port Moresby Chamber of Commerce and Industry.
Niusky Pacific announces Acting Chief Executive Officer, the National Airports Corporation welcomes Acting Managing Director, BSP Financial Group appoints new Group Chief Operating Officer, the Chamber of Mines and Petroleum confirms council members for the new term, Pacific Re farewells Chief Executive Officer, and a board change at Kina Bank.
Kina Securities announces changes to its Executive Management Team, TISA Community Finance welcomes new Chairman, Pacific Islands Forum Secretariat has a new PA Officer, a change to the board at Mayur Resources, and National Fisheries Authority welcomes Managing Director.
Papua New Guinea’s Tourism Promotion Authority reveals bleak outcome for 2020, Kumul Petroleum Holdings gets three petroleum retention licenses and new equity holders for PNG LNG. The business news in brief.
LNG prices continue to surge and are now up by over a third this year. But oil prices eased and cocoa prices also fell slightly. Business Advantage PNG’s monthly review of commodity and financial markets.