Kina Bank has reported a 36% increase in net profit for the first half of 2021, compared to the corresponding period last year. The results suggest the bank is successfully weathering the impact COVID-19 pandemic.
Super ideas: how to build wealth in Papua New Guinea
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PNG Now spoke with four of the largest superannuation fund’s executives and senior managers for the inside scoop into super.
In brief: BSP Financial Group announces half year results and other business stories
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BSP Financial Group and Oil Search present half year results, Papua New Guinea signs agreement with the Organisation for Economic Co-operation and Development. The business news you need today.
People moves: Kumul Petroleum Holdings, Oil Search, International Finance Corporation
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Kumul Petroleum Holdings Limited (KPHL) welcomes new directors to its board, departure from Oil Search board, and the International Finance Corporation (IFC) gets a new Regional Director.
Newcrest Mining posts record profit
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Papua New Guinea’s largest gold miner, Newcrest Mining, has lodged record profits for the 12 months ending 30 June, thanks to higher gold and copper prices and lower operating costs.
Kina Bank presents its vision for Westpac to Papua New Guinea’s regulator
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If Kina Bank’s acquisition of Westpac’s Pacific operation proceeds, it will be rebranded East West Commercial Bank, a stand-alone ‘Pan-Pacific’ bank to compete against its new parent. That’s according to a presentation made by Kina last week as it tries to convince Papua New Guinea’s Independent Consumer and Competition Commission of the deal’s merits.
People moves: PNG Chamber of Mines and Petroleum
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The PNG Chamber of Mines and Petroleum announces historic appointment and other moves.
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