JMP Securities has acquired Bank South Pacific’s stockbroking business in Papua New Guinea. Co-founder and Managing Director Lars Mortensen tells Business Advantage PNG he sees great opportunity for growth.
JMP Securities sees big growth opportunities for investment products in Papua New Guinea
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2 Dec 2020 by 3 Comments
The sound of silence: minimal changes to taxes in Papua New Guinea’s 2021 Budget [analysis]
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2 Dec 2020 by Leave a Comment
There were few tax surprises in the 2020-21 Budget. However, what was not there was just as significant as what was, according to KPMG’s Tax Partner in Papua New Guinea, Karen McEntee.
Urgent assistance need for some industry sectors, says Business Council of Papua New Guinea
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30 Nov 2020 by Leave a Comment
Papua New Guinea’s tourism, manufacturing, retail and agriculture should be the main targets for further government support, contends Douveri Henao, Executive Director of the Business Council of Papua New Guinea. He also reveals the sectors that had received the biggest boost during the COVID-19 crisis.
Commodities update: oil and cocoa surge
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30 Nov 2020 by Leave a Comment
Oil and cocoa prices soar while the LNG price stabilises. Business Advantage PNG’s monthly overview of commodity and financial markets.
Global economic recovery should provide good news for Papua New Guinea’s miners
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30 Nov 2020 by Leave a Comment
The global economy is recovering faster that expected, according to Douglas Porter, Chief Economist and Managing Director of Canadian investment bank, BMO Financial Group.
2020 volumes only slightly down, says Swire Shipping
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25 Nov 2020 by Leave a Comment
Despite initial concerns about the impact of COVID-19, Swire Shipping’s data shows only a marginal reduction in freight volumes. Alistair Skingley, the company’s Country Manager for Papua New Guinea and the Solomon Islands, tells Business Advantage PNG that the company is upgrading its offerings in the expectation of solid growth in 2021.
Oil Search tightens the purse strings and focuses on Papua LNG
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25 Nov 2020 by 1 Comment
Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.
Papua New Guinea’s 2021 National Budget: the most ‘challenging in our lifetime’
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23 Nov 2020 by 1 Comment
The current economic conditions are the most ‘challenging in our lifetime’, according to Justin Smirk, Senior Economist at Westpac. He told a Business Advantage PNG briefing that the success of the 2021 National Budget depended on getting Papua New Guinea’s non-resources economy firing.
Pandemic push: Kina Bank’s ambitious ecommerce plans for Papua New Guinea
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18 Nov 2020 by 4 Comments
Kina Bank is introducing some ambitious enhancements to its digital services. Chief Executive Officer Greg Pawson outlines his plans to Business Advantage PNG.
Budget paper: Papua New Guinea’s revenue problem means it must raise more debt
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16 Nov 2020 by Leave a Comment
The suspension of Parliament means that Papua New Guinea’s 2021 National Budget will be delayed until at least next month and possibly longer. Whenever it is finally delivered – and whoever delivers it – the recently released Budget Strategy Paper clearly outlines the challenges it must address.
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