In brief: PM to launch construction phase of Pacific Marine Industrial Zone project, and other business stories

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4 Nov 2015 by Business Advantage PNG Leave a Comment

Pacific Marine Industrial Zone construction to start this month, personnel emoluments overruns costing PNG millions, and Newcrest Mining delivers profit. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Bank of Papua New Guinea, Barrick Gold, BSP Financial Group, China Exim Bank, China Shenyang International Economics and Technical Cooperation Corporation, Mineral Resources Development Company (MRDC), Nambawan Super, Newmont Corporation (formerly Newcrest), Pacific Marine Industrial Zone, Water PNG, Westpac

People moves: Westpac Bank, Defence Commercial Inc., IFC

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14 Oct 2015 by Business Advantage PNG Leave a Comment

A new Head of Retail Banking at Westpac, an interim Manager for Defence Commercial Inc., and a new Media Consultant at the International Finance Corporation

Filed Under: News, People moves Tagged With: Defence Commercial Incorporated Ltd, International Finance Corporation (IFC), Westpac

In brief: BSP bid to buy Westpac Vanuatu rejected, and other business stories

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29 Jul 2015 by Business Advantage PNG Leave a Comment

Vanuatu’s Reserve Bank rejects sale of Westpac Vanuatu to BSP, Airlines PNG invited to fly into Samoa and ‘show cause’ notice issued over slow progress of new Lae highway. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: BSP Financial Group, China Minmetals Group, China Railway International, Curtain Bros, Monier, National Fisheries Authority (NFA), New Zealand Trade & Enterprise (NZTE), Niuminco Group, Ok Tedi Mining Ltd (OTML), Pheonix Builders, PNG Air, Westpac

In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news

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15 Jul 2015 by Business Advantage PNG Leave a Comment

Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: BSP Financial Group, Gold Ridge gold mine, International Food Corporation, Kina Asset Management Limited (KAML), Kumul Gamechangers, LR Group, Mineral Resources Authority (MRA), Moody's, New Guinea Gold Corporation, Pacific Balanced Fund, Santos, St Barbara Ltd, Westpac

Papua New Guinea banks operate in ‘high risk’ environment, says Standard & Poor’s

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29 Apr 2015 by Business Advantage PNG Leave a Comment

Ratings agency Standard & Poor’s says PNG’s banks operate in a ‘high risk’ environment, with regulation and supervision ‘comparatively lenient’.

Filed Under: Banking and finance, Industry sectors, Latest news, News, Sections Tagged With: ANZ, Standard & Poor’s (S&P), Westpac

Economic update: Papua New Guinea changes gear

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28 Apr 2015 by Andrew Wilkins 7 Comments

Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy.

Filed Under: Economy/Investment, Features Tagged With: ANZ, Asian Development Bank (ADB), Australia Papua New Guinea Business Council, Bank of Papua New Guinea, BSP Financial Group, City Pharmacy Ltd (CPL) Group, Institute of National Affairs, SP Brewery, Westpac

Bank of Papua New Guinea closes down unauthorised foreign exchange trading

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18 Mar 2015 by Business Advantage PNG 9 Comments

Papua New Guinea’s central bank has moved to stop offshore foreign banks, which don’t operate in PNG, from foreign exchange trading in the Kina.

Filed Under: Banking and finance, Latest news, News, Sections Tagged With: Bank of Papua New Guinea, Moni Plus, Westpac

In brief: Air Niugini expands services with Melanesian partnership, and other business stories

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18 Feb 2015 by Business Advantage PNG

Air Niugini secures agreement with Air Vanuatu and Solomon Airlines, Cue Energy rejects takeover offer, and Steamships closes Highlands Highway operations. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Anglo American, BSP Financial Group, Cott Oil and Gas, Cue Energy Resources, European Union, ExxonMobil PNG, Highlands Pacific, InterOil Corporation, National Fisheries Authority (NFA), Nautilus Minerals, New Britain Palm Oil (NBPOL), Newmont Corporation (formerly Newcrest), Ok Tedi Mining Ltd (OTML), Port Moresby Chamber of Commerce and Industry, Santos, Sime Darby, Sovereign Wealth Fund, Steamships, Trukai Industries, Westpac

In brief: Newcrest output at Lihir ‘below expectations’ despite improvement, and other business stories

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4 Feb 2015 by Business Advantage PNG Leave a Comment

Production issues hit Newcrest, Digicel launches cloud-based product, and Mitsui delivers PNG LNG carrier. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: BSP Financial Group, Coffee Industry Corporation (CIC), Department of Education, Digicel (Parent company and all subsidiaries), European Union, Fiji, Mitsui, National Airports Corporation, National Research Institute, Nautilus Minerals, Newmont Corporation (formerly Newcrest), Oil Search Ltd, PanAust, PNG Customs Services, PNG LNG, St Barbara Ltd, Standard & Poor’s (S&P), Trukai Industries, Westpac

BSP expands further into the Pacific and launches new subsidiary

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4 Feb 2015 by Business Advantage PNG

A commitment to growth throughout the Pacific region has continued for Papua New Guinea-based Bank of South Pacific, with the acquisition of new Pacific operations from Westpac and launch of a new subsidiary.

Filed Under: Banking and finance, Latest news, News Tagged With: BSP Financial Group, Westpac

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

With tariffs, military conflict and geopolitics at play, it's already been an extraordinary year for the global economy. Business … [Read More...]

Economic update: Will 2025 be Papua New Guinea’s golden year?

Business leaders are not quite ready to call it, but there are promising signs as Papua New Guinea celebrates its 50th anniversary … [Read More...]

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of … [Read More...]

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

In this exclusive interview with Business Advantage PNG, Barrick Gold’s President and Chief Executive Mark Bristow talks about the … [Read More...]

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]