Banking and finance

Accountability the key to success of Papua New Guinea’s Sovereign Wealth Fund

25 Feb 2015 by Business Advantage PNG Leave a Comment

Papua New Guinea’s Parliament is likely to approve establishing the long-awaited Sovereign Wealth Fund by June, after unanimously voting for its enactment at its first reading last week.
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BSP expands further into the Pacific and launches new subsidiary

4 Feb 2015 by Business Advantage PNG

A commitment to growth throughout the Pacific region has continued for Papua New Guinea-based Bank of South Pacific, with the acquisition of new Pacific operations from Westpac and launch of a new subsidiary.
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In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories

28 Jan 2015 by Business Advantage PNG Leave a Comment

Elk-Antelope arbitration hearing in London completed, fuel supplies to return after roadblocks eased, and Santos delivers sales records. Your weekly digest of the latest business news.
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Papua New Guinea’s Kina Group looks to the future

11 Dec 2014 by Business Advantage PNG Leave a Comment

From modest beginnings, Papua’s New Guinea’s largest non-bank financial services company, the Kina Group, has come a long way. Chief Executive Officer Syd Yates explains the Kina vision to Business Advantage PNG.
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Papua New Guinea’s oldest finance company remains optimistic

3 Dec 2014 by Business Advantage PNG 1 Comment

Papua New Guinea’s credit finance industry has had ‘a challenging year’, according to Peter Burland, at one of the country’s leading finance companies, Credit Corporation Finance Ltd. Despite that, the company has expansion plans, he tells Business Advantage PNG.
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Record Budget and higher deficit feature in 2015 Papua New Guinea Budget forecasts

19 Nov 2014 by Business Advantage PNG 5 Comments

The Papua New Guinea Treasurer Patrick Pruaitch has presented a record K16 billion national budget for 2015, but with an increased deficit of K2.272 billion.
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Micro finance sector in Papua New Guinea expanding services

12 Nov 2014 by Business Advantage PNG 10 Comments

Sharing nearly 500,000 clients, Papua New Guinea’s micro finance industry is expanding its reach, its numbers and its services. Business Advantage PNG looks at what the industry is offering.
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Opinion: Using the central bank to finance Papua New Guinea’s deficit is a ‘slippery slope’

29 Oct 2014 by Paul Flanagan 3 Comments

The Papua New Guinea economy is on the edge of a ‘slippery slope’, if the Bank of PNG finances government debt and continues to fix the exchange rate at too high a rate. Former Australian Treasury advisor Paul Flanagan says compounding the problems are rising inflation, falling foreign exchange reserves, and declining private sector credit growth.
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Papua New Guinea economy facing ‘significant challenges’ as growth reaches fastest in 40 years

24 Sep 2014 by Business Advantage PNG 1 Comment

The Papua New Guinea economy is facing significant challenges, as growth reaches 20-22% next year, ANZ Asia-Pacific Chief Economist Glenn Maguire told this month's Papua New Guinea Advantage Investment and Infrastructure Summit in Port Moresby.
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ANZ suggests a Papua New Guinea government bond issue to finance deficit spending

27 Aug 2014 by Business Advantage PNG 3 Comments

The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century.
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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

Accountability the key to success of Papua New Guinea’s Sovereign Wealth Fund

BSP expands further into the Pacific and launches new subsidiary

In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories

Papua New Guinea’s Kina Group looks to the future

Papua New Guinea’s oldest finance company remains optimistic

Record Budget and higher deficit feature in 2015 Papua New Guinea Budget forecasts

Micro finance sector in Papua New Guinea expanding services

Opinion: Using the central bank to finance Papua New Guinea’s deficit is a ‘slippery slope’

Papua New Guinea economy facing ‘significant challenges’ as growth reaches fastest in 40 years

ANZ suggests a Papua New Guinea government bond issue to finance deficit spending

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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Kina exchange rate

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