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Banking and finance

‘Crisis breeds innovation’: Tapioca Delight launches new online payment system

6 May 2020 by Leave a Comment
Tapioca Delight is spearheading change in Papua New Guinea, by becoming the first SME to start accepting online credit and debit card payments via Bank South Pacific's internet payment gateway. Gabriella Munoz speaks with owner Ginia Sialis to find out more.
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Headed for recession: bank and rating agencies’ bleak forecast for Papua New Guinea in 2020

6 May 2020 by Leave a Comment
Economists are forecasting a recession in PNG in 2020 as the country struggles to deal with the global crisis caused by the outbreak of the COVID-19 virus. The ratings agency Standard & Poor’s has also downgraded the country’s debt.
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Explainer: Papua New Guinea’s stimulus package relying on overstretched IMF

6 Apr 2020 by 1 Comment
Papua New Guinea’s government has announced its Budget deficit will balloon to more than K6 billion, the biggest in the nation’s history. Treasurer Ian Ling-Stuckey has announced a well-targeted stimulus, but the International Monetary Fund needs to come to the party.
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Waiting for the party to begin: the future of Papua New Guinea’s National Development Bank

10 Mar 2020 by Leave a Comment
In a wide-ranging chat with Business Advantage PNG, the Managing Director of Papua New Guinea's state-owned National Development Bank, Moses Liu, talks about becoming an emerging force in Papua New Guinea's banking sector.
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How Papua New Guinea’s central bank plans to sell government debt

13 Jan 2020 by Leave a Comment
The Bank of Papua New Guinea is looking to sell government debt to international and local investors. Its Governor, Loi Bakani, outlines the challenges to Business Advantage PNG and their connection to PNG’s ongoing foreign exchange shortages.
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