ANZ releases a positive economic outlook for PNG, James Marape resigns as Finance Minister and the Boluminski Highway in New Ireland province is open. Your weekly digest of business news.
In Brief: Papua New Guinea’s growth to rebound in 2019 and other business stories
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15 Apr 2019 by Leave a Comment
ANZ’s new strategy for Papua New Guinea
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8 Apr 2019 by Leave a Comment
With regulatory approval finally received for ANZ’s sale of its retail banking assets in Papua New Guinea, ANZ PNG’s Chief Executive Officer Mark Baker talks to Business Advantage PNG about the bank’s future plans in the country.
In brief: Construction milestone for PNG’s tallest building, and other business news
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27 Nov 2018 by 1 Comment
Construction milestone for PNG’s tallest building, renewed support for fisheries training and PNG launches legal action in Australia. Your weekly digest of the latest business news.
In brief: Government plans five new highways and other business stories
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7 Nov 2018 by Leave a Comment
Government plans to build and open five new highways, Milbank launches women-only credit card, and PNG Power to upgrade two projects in Eastern Highlands and East New Britain. Your weekly digest of the latest business news.
In brief: ANZ Bank expects kina to rise with next round of LNG projects, and other business stories
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25 Sep 2018 by Leave a Comment
ANZ Bank expects Kina to rise above $0.35 cents from early 2020, Ramu 2 hydropower project to commence next March, and security preparations for APEC step up. Your weekly digest of the latest business news.
Clever thinking required to solve Papua New Guinea energy issues, say experts
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17 Jul 2018 by 1 Comment
Papua New Guinea has some ambitious plans to expand its population’s access to electricity. However, boosting electricity supply across the country requires ‘some very clever thinking,’ say energy analysts.
Analysis: Papua New Guinea companies using rationalisation to adapt to weaker economic conditions
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10 Jul 2018 by Leave a Comment
The sluggish Papua New Guinea economy is triggering a bout of rationalisation, two of the recent examples being in the banking and manufacturing sectors.
Kina to acquire ANZ’s retail and commercial/SME businesses in Papua New Guinea
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26 Jun 2018 by 1 Comment
ANZ Bank and Kina Bank have announced they have entered into an agreement for ANZ to sell its retail and commercial/small-to-medium-sized enterprise (SME) banking businesses to Kina for K24.2 million. Both banks claim the move is in line with their strategies.
Foreign exchange restrictions will not ease in Papua New Guinea until new investment flows come, says ANZ MD
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29 May 2018 by Leave a Comment
The Managing Director of ANZ Papua New Guinea, Mark Baker, has said the foreign exchange restrictions are not likely to ease until a major new resources investment comes in. But in the interim he believes the Government is connecting well with business.
ANZ economist claims Papua New Guinea on verge of boom
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15 May 2018 by 2 Comments
Papua New Guinea is on the verge of a resources boom, according to Kishti Sen, International Economist for the ANZ Banking Group. He told the recent Australia–Papua New Guinea Business Forum that the challenge is to manage the economic cycles.
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