Banking and finance

Why is Bank South Pacific looking to list on the Australian Securities Exchange?

14 Apr 2021 by David James Leave a Comment

Bank South Pacific, Papua New Guinea’s biggest bank, has announced that it will seek secondary listing on the Australian Securities Exchange. David James considers the reasons behind the move and the implications.
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Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman

7 Apr 2021 by David James Leave a Comment

Papua New Guinea took a step closer to resolving a significant governance issue related to its stock exchange, PNGX, following a National Court ruling late last month. However, uncertainty continues to hold back PNG's capital markets, reports David James.
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We need more competition, says Bank South Pacific CEO

11 Mar 2021 by David James Leave a Comment

Bank South Pacific has just announced its 2020 financial results amid tough trading conditions. CEO Robin Fleming talks to us about the bank’s plans for 2021, foreign exchange shortages, and the need for greater competition.
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Still a long way to go: business and economic recovery after COVID

22 Feb 2021 by David James Leave a Comment

Papua New Guinea is experiencing similar stresses to other economies in the Pacific region due to the impact of COVID-19. Two reports, by the Asian Development Bank and Pacific Trade Invest, highlight both the impacts and a way to recovery.
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Nothing to fear: Kina Bank’s executive dismisses claims of ‘duopoly’ in Papua New Guinea

10 Feb 2021 by David James 5 Comments

Kina Bank will adopt a ‘multi-brand’ strategy after acquiring Westpac PNG, according to Lesieli Taviri, Executive General Manager for Banking. She believes fears about a duopoly are unfounded.
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Diversify and conquer: what the future holds for Credit Corp in Papua New Guinea

22 Jan 2021 by David James Leave a Comment

Peter Aitsi, Group Chief Executive Officer of Credit Corporation PNG, says the COVID-19 pandemic has had a significant impact on operations. He tells Business Advantage PNG that the company is moving to a more agile digital platform and diversifying its product range.
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New lender Savi Moni aims to offer a smart solution for staff loans

22 Jan 2021 by David James 15 Comments

A new lender, Savi Moni, is entering Papua New Guinea's financial services market. Founder and Managing Director Nick Keane tells Business Advantage PNG that the aim is to minimise the burden on employers, provide affordable and responsible loans, and promote financial wellbeing.
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Kina Bank buys Westpac’s Pacific assets in billion kina deal

7 Dec 2020 by Business Advantage PNG 6 Comments

Kina Bank has consolidated its position as Papua New Guinea's second largest bank, and also taken a first step towards becoming a regional bank, by acquiring the assets of Westpac in Papua New Guinea and Fiji.
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Papua New Guinea’s 2021 National Budget: the most ‘challenging in our lifetime’

23 Nov 2020 by David James 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.
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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

Why is Bank South Pacific looking to list on the Australian Securities Exchange?

Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman

We need more competition, says Bank South Pacific CEO

Still a long way to go: business and economic recovery after COVID

Nothing to fear: Kina Bank’s executive dismisses claims of ‘duopoly’ in Papua New Guinea

Diversify and conquer: what the future holds for Credit Corp in Papua New Guinea

New lender Savi Moni aims to offer a smart solution for staff loans

Kina Bank buys Westpac’s Pacific assets in billion kina deal

Papua New Guinea’s 2021 National Budget: the most ‘challenging in our lifetime’

Pandemic push: Kina Bank’s ambitious ecommerce plans for Papua New Guinea

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

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