Banking and finance

The case for reforming Papua New Guinea’s tax regime

9 Sep 2015 by Business Advantage PNG 5 Comments

After two years of research and hearings, the PNG Tax Review Committee is due to present its final report to Government next month. PricewaterhouseCoopers PNG's Jason Ellis looks at the tax reform measures it is likely to recommend.
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Spending cuts loom in Papua New Guinea Supplementary Budget; central bank governor to review kina restrictions

2 Sep 2015 by Business Advantage PNG 1 Comment

The Papua New Guinea government will cut K1.6 billion in expenditure from its 2015 Budget, and may seek further cuts of K1 billion, according to Treasury Secretary, Dairi Vele.
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Papua New Guinea’s Kina Securities debut share price ‘exceeded expectations’

5 Aug 2015 by Business Advantage PNG 1 Comment

The 30 per cent jump in the value of Kina Securities when it listed jointly on the Australian Securities Exchange and the Port Moresby Stock Exchange last Thursday ‘exceeded our expectations’, Chief Executive Officer Syd Yates tells Business Advantage PNG.
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Kina Securities prospectus released with aim of raising K202 million

24 Jun 2015 by Business Advantage PNG 19 Comments

Ordinary Papua New Guineans will be able to apply to purchase at least some of 97 million shares in PNG-based financial services company Kina Securities. The company has just launched its prospectus, ahead of an expected listing on both the Port Moresby and Australian stock exchanges on 30 July.
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Kina Group’s Australian Stock Exchange listing a first for Papua New Guinea

15 Jun 2015 by Business Advantage PNG Leave a Comment

Papua New Guinea's Kina Group aims to list on the Australian Stock Exchange in late July—arguably the first PNG company to undertake such a move. Business Advantage PNG talks to Chief Executive Officer, Syd Yates, about what he sees as a 'great opportunity' for PNG.
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Papua New Guinea government seeks to encourage more investment by opening stock exchange to more competition

10 Jun 2015 by Business Advantage PNG 1 Comment

Prime Minister Peter O’Neill says a planned ‘shake up’ of the Port Moresby Stock Exchange (POMSoX) will lead to more innovation and increased domestic and international investment.
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Papua New Guinea’s Kina Group buys Maybank; listing in sights

20 May 2015 by Business Advantage PNG 1 Comment

Kina Group is set to become Papua New Guinea's fourth retail bank, when it takes over the Malaysian-owned Maybank (PNG) in late July, ahead of a possible stock market listing.
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Papua New Guinea banks operate in ‘high risk’ environment, says Standard & Poor’s

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’.
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Liquidity a major source of risk for Papua New Guinea businesses, says ANZ report

8 Apr 2015 by Business Advantage PNG Leave a Comment

Liquidity conditions have emerged as a major source of risk for the PNG economy, as the central bank governor reveals he spent US$570.9 million (K1.48 billion) to support the kina last year.
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Bank of Papua New Guinea closes down unauthorised foreign exchange trading

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.
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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...]

Report from the 2024 Papua New Guinea Investment Conference

This week's 2024 Business Advantage PNG Investment conference saw top speakers from across the business sector and government come … [Read More...]

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

Australia launched its inaugural Pacific Engagement Visa ballot on 3 June, with Papua New Guinea receiving the largest allocation. … [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

The case for reforming Papua New Guinea’s tax regime

Spending cuts loom in Papua New Guinea Supplementary Budget; central bank governor to review kina restrictions

Papua New Guinea’s Kina Securities debut share price ‘exceeded expectations’

Kina Securities prospectus released with aim of raising K202 million

Kina Group’s Australian Stock Exchange listing a first for Papua New Guinea

Papua New Guinea government seeks to encourage more investment by opening stock exchange to more competition

Papua New Guinea’s Kina Group buys Maybank; listing in sights

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

Liquidity a major source of risk for Papua New Guinea businesses, says ANZ report

Bank of Papua New Guinea closes down unauthorised foreign exchange trading

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

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