Banking and finance

Improved banking services held back by high internet prices, say bankers

19 Sep 2016 by David James 3 Comments

The potential for improved financial and other services delivered via the internet in Papua New Guinea is high, the nation’s top bankers tell Business Advantage PNG. But costs have to fall first.
Read More

Saving key to improving credit to Papua New Guinea business, say top bankers

7 Sep 2016 by David James 3 Comments

The greatest challenge facing Papua New Guinea’s financial system and businesses is to establish saving in the country’s mostly unbanked population. That is the message from three of the country’s top bankers.
Read More

Business Advantage Boardroom, Episode 1: Papua New Guinea’s top bankers discuss the financial services sector

1 Sep 2016 by Business Advantage PNG Leave a Comment

Papua New Guinea's top bankers discuss the kina, foreign exchange shortages, finance for business and the future of banking services.
Read More

Oil up, gas down and palm oil surging: a monthly review of commodity prices and financial markets

24 Aug 2016 by David James Leave a Comment

Palm oil was the biggest mover in the month, while gold, coffee and oil prices remain strong. Gas prices, however, continue to be weak and in the currency markets, the kina continues its slide against the yen. Business Advantage PNG’s monthly overview of commodity and financial markets.
Read More

Papua New Guinea government facing ‘difficult’ cash flow challenge says ADB

6 Jul 2016 by David James Leave a Comment

The Papua New Guinea government faces challenges in managing its cash flow, according to Yurendra Basnett, PNG Country Economist for the Asian Development Bank (ADB). The ADB’s Outlook 2016 paper on the Asian region says PNG’s debt servicing costs are likely to rise. ‘Cash-flow management is growing more difficult for the government as commercial banks reach their […]
Read More

advertisment...

Papua New Guinea’s Moni Plus to list on Singapore stock exchange

1 Jun 2016 by David James 1 Comment

Financial institution Moni Plus is preparing to list on the Singapore Stock Exchange. Managing Director David Kelso tells Business Advantage PNG that the company intends to expand its shareholder base and move into new markets.
Read More

Consumer trust the key to boosting mobile banking in the Pacific

24 May 2016 by Kevin McQuillan 1 Comment

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).
Read More

Forex exemptions granted to Papua New Guinea insurers

27 Apr 2016 by Kevin McQuillan Leave a Comment

The Bank of PNG has granted exemptions to some PNG insurance companies from the tight foreign exchange restrictions, to enable the general insurers to meet their reinsurance commitments to international reinsurers.
Read More

Papua New Guinea kina set to fall further, say analysts

6 Apr 2016 by David James 2 Comments

Papua New Guinea's currency, the kina, has fallen over the last year; many are predicting it will go lower. Business Advantage PNG talks exclusively to two analysts about where the currency is headed and how it will affect business conditions.
Read More

Nambawan Super expects low growth in 2016/2017, says CEO

22 Mar 2016 by Kevin McQuillan 3 Comments

The CEO of Papua New Guinea’s largest superannuation fund expects 2016/17 to be another year of low growth, with a pickup from 2018 onwards. Nambawan Super’s Garry Tunstall also tells Business Advantage PNG he expects the fund will slightly increase its international investments this year.
Read More

Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]

Banking and finance

Improved banking services held back by high internet prices, say bankers

Saving key to improving credit to Papua New Guinea business, say top bankers

Business Advantage Boardroom, Episode 1: Papua New Guinea’s top bankers discuss the financial services sector

Oil up, gas down and palm oil surging: a monthly review of commodity prices and financial markets

Papua New Guinea government facing ‘difficult’ cash flow challenge says ADB

Papua New Guinea’s Moni Plus to list on Singapore stock exchange

Consumer trust the key to boosting mobile banking in the Pacific

Forex exemptions granted to Papua New Guinea insurers

Papua New Guinea kina set to fall further, say analysts

Nambawan Super expects low growth in 2016/2017, says CEO

Editor’s picks

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

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

Report from the 2024 Papua New Guinea Investment Conference

Australia’s new Pacific Engagement Visa an ‘opportunity’ for PNG businesses

Kina exchange rate

From the Business Advantage blog

Recent readers’ comments

Sign In

Subscribe

Banking and finance

Register to receive our free PNG Business Update emails

Editor’s picks

Kina exchange rate

Recent readers’ comments