Late in 2024, a 226-page report by the global Financial Action Task Force was quietly published online that may, according to the experts, have a significant impact on Papua New Guinea’s banking and finance system. Business Advantage PNG takes a closer look.
Greylisting: what it could mean for Papua New Guinea’s banks and their customers
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30 Jan 2025 by Leave a Comment
People moves: BSP, Pacific Trade Invest Australia, K92 Mining
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30 Jan 2025 by Leave a Comment
New CFO for BSP, new Trade Commissioner for Pacific Trade Invest Australia, key management changes for K92 Mining.
Analysis: Papua New Guinea capital markets delivered excellent returns in 2024
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13 Jan 2025 by Leave a Comment
Papua New Guinea investors enjoyed substantial returns in both the fixed-interest and equities asset classes last year, according to an exclusive analysis for Business Advantage PNG by JMP Securities Managing Director Lars Mortensen.
Bank of Papua New Guinea program aims to generate funds for green projects
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23 Oct 2024 by 2 Comments
The Green Finance Centre was founded this year under the aegis of the Bank of Papua New Guinea, with the aim of creating a framework to facilitate investments in areas such as renewables and climate resilience. Its head Mohinesh Prasad shared the centre’s plans and progress in a speech to the 2024 Business Advantage PNG Investment Conference.
People moves: BSP, CPL, Great Pacific Gold
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22 Oct 2024 by Leave a Comment
New company secretary for BSP Financial Group, new manager for CPL Foundation, new country manager for Great Pacific Gold.
Papua New Guinea banks report substantial fall in forex waiting times
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15 Aug 2024 by 2 Comments
Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
People moves: Kina Securities Limited, BSP Financial Group, POMCCI
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14 Aug 2024 by Leave a Comment
New Director for Kina Securities Limited, changes in BSP’s executive management team, new CEO for the Port Moresby Chamber of Commerce and Industry.
People moves: BSP and Pacific Islands Forum Fisheries Agency
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30 Jul 2024 by Leave a Comment
New BSP Financial Group secretary, historic appointment for Pacific Islands FFA.
Breaking new ground: Tuhava Town shows the way for land use in Papua New Guinea
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2 Jul 2024 by 2 Comments
The ambitious housing development from Rhodes PNG Limited is a “first of its kind” land-use model that aims to deliver affordable housing to the country’s rising middle class.
Papua New Guinea businesses still face serious forex delays, despite interventions
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23 May 2024 by 1 Comment
PNG banks and businesses tell Business Advantage PNG of considerable variation in wait times for foreign exchange, as the country’s central bank acknowledges the economic damage caused. We look at the prospects for improvement.
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