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Banking and finance

Kina overvalued and one option is to have dual exchange rate, says economist

5 Sep 2017 by 2 Comments
The kina is more than 20 per cent overvalued, according to Marcel Schroder, a lecturer in economics at the Development Policy Centre in the Australian National University (ANU), speaking to a joint University of Papua New Guinea/ANU event in Port Moresby. One option is to introduce a dual exchange rate for a limited time.
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European Investment Bank looking to expand in the Pacific, says regional Head

15 Aug 2017 by Leave a Comment
The European Investment Bank has received a mandate from the European Union to invest in infrastructure projects in the Pacific, including in Papua New Guinea. Head of the EIB’s Pacific Regional Office, Adam Bruun explains to Business Advantage PNG some of the priorities and operational practices of the Bank.
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Credit Corp to open operations in Timor Leste, says CEO

15 Aug 2017 by 3 Comments
While it is adapting to increased competition and quieter market conditions at home, PNG’s largest finance company, Credit Corporation, is not standing still. Chief Executive Tor Bowen tells Business Advantage PNG that the company will open its first South East Asian operation, in neighbouring Timor Leste.
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Inside Papua New Guinea’s largest private equity fund

8 Aug 2017 by 6 Comments
Kennedy Wemin, the Chief Executive of Melanesian Trustee Services limited (MTSL), Trustee and Interim Manager of Papua New Guinea’s unit trust fund, Pacific Balanced Fund (PBF) tells Business Advantage PNG that the difficult economic conditions create opportunities as well as challenges. He outlines some of the fund's future options.
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Domestic credit in Papua New Guinea sound, say finance executives

12 Jul 2017 by Leave a Comment
Businesses in Papua New Guinea may be finding it hard to get foreign exchange, but credit quality within the domestic economy remains relatively healthy. Finance executives and analysts tell Business Advantage PNG that there has been only a slight deterioration of kina-denominated credit, despite the weak economy.
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