In brief: Nambawan Super profit of K406 million, and other business stories

Nambawan Super profit of K406 million, Bank South Pacific reports net profit of K1.99 billion, government agencies locked out of offices for allegedly non-payment of rents. Your weekly digest of the latest business news.

People moves: MiBank, GoFood PNG, Forum Fisheries Agency

A new Director at MiBank, Chief Technology Officer appointed at GoFood PNG, Deputy Director-General of Forum Fisheries Agency appointed

Opinion: What Papua New Guinea must do to achieve digital financial inclusion

Papua New Guinea has a high level of mobile phone penetration, but Tony Westaway, Chief Executive of MiBank, believes the country has significant barriers to overcome if it is to achieve optimum financial inclusion in the digital age. He outlines some of the issues to Business Advantage PNG.

In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.

Consumer trust the key to boosting mobile banking in the Pacific

The key to boosting the use of mobile phone banking services in the Pacific is ‘trust’ in the system, particularly as mobile phone providers themselves begin providing financial services, according to a new report by the Asian Development Bank (ADB).

People moves: MiBank, Parties to the Nauru Agreement

MiBank appoints a new Chairman, Papua New Guinean appointed to head up the Parties to Nauru Agreement, a new Country Manager for AirSwift

People moves: ANZ Bank, PNG Government, MiBank, Newcrest, Melanesian Spearhead Group

ANZ appoints Pacific Regional Executive, new Government Ministers, a new board member at MiBank, Newcrest appoints a new External General Manager and a new Director-General at the Melanesian Spearhead Group.

In brief: Pacific Marine Industrial Zone gets the go ahead, and other business stories

Government tells Chinese company to start building Madang’s Pacific Marine Industrial Zone, new Tourism Minister unimpressed with Tourism Promotion Authority and second LNG ship is named Kumul. Your weekly digest of the latest business news.

Micro finance sector in Papua New Guinea expanding services

Sharing nearly 500,000 clients, Papua New Guinea’s micro finance industry is expanding its reach, its numbers and its services. Business Advantage PNG looks at what the industry is offering.

In brief: Santos and Oil Search increase production following PNG LNG start-up, and other business stories

Santos and Oil Search increase production following PNG LNG start-up, Crater Gold raising funds for mine development, and regional tuna stock report due out August. Your weekly digest of the latest business news.