The US$500 million sovereign bond raising will improve foreign exchange cash flows, according to Robin Fleming, Chief Executive of Bank South Pacific. He tells Business Advantage PNG that it represents an ‘important milestone’ for Papua New Guinea’s financial system.
Sovereign bond an ‘important milestone’ for Papua New Guinea that should affect interest rates, says BSP’s Fleming
Welcome,
9 Oct 2018 by Leave a Comment
In brief: Ramu NiCo announces K4.8b expansion plans, and other business news
Welcome,
2 Oct 2018 by Leave a Comment
Ramu NiCo announces expansion, Kina Bank celebrates innovation award, and Frieda River Project Accord signed. A weekly digest of the latest business news.
Sovereign bond issue will ‘test’ Papua New Guinea’s market access, says Standard & Poor’s
Welcome,
11 Sep 2018 by 1 Comment
The Papua New Guinea government has begun spruiking its sovereign bond issue with a series of meetings with investors in Singapore, Hong Kong, London and the US, led by Treasurer Charles Abel. However, while Standard and Poor’s has given the issue a ‘B’ stable rating, others say the government may have to offer a premium to attract investors.
In brief: US, Australia and Japan announce new infrastructure fund for the Pacific, and other business stories
Welcome,
31 Jul 2018 by Leave a Comment
Galip nut industry taking off, Horizon Oil reports strong quarter, and two online marketplaces launched. Your weekly digest of the latest business news.
In brief: Silencing Facebook, and other business stories
Welcome,
29 May 2018 by Leave a Comment
When social media gets shut down; what next for Total; and a proposed merger of two seafood companies. Your weekly digest of the latest business news.
In brief: Papua New Guinea to issue Eurobond later this year, and other business stories
Welcome,
1 May 2018 by Leave a Comment
A US$500 million Eurobond to be issued later this year, Government owes US$88 million to local businesses and February earthquake bill to cost five percent of government expenditure. Your weekly digest of the latest business news.
People moves: Bank South Pacific, Bougainville Referendum Commission, 2019 Asia Pacific Business Forum
Welcome,
18 Apr 2018 by
Ni-Vanuatu to head up BSP operations in Port Vila, former Irish PM nominated to head the Bougainville Referendum Commission, new Chair of the 2019 Asia Pacific Business Forum
LNG prices have continued to decline and cocoa also falls sharply: a monthly review of Papua New Guinea’s commodity and financial markets.
Welcome,
27 Mar 2018 by 2 Comments
LNG prices have shown continued weakness and the cocoa price has also dropped. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
People moves: Bank South Pacific, Credit Corp, Kutubu Special Purpose Authority, Oil Search, Westpac Outstanding Woman of the Year
Welcome,
20 Mar 2018 by
BSP appoints new General Manager for Pacific Islands, new board appointments at Credit Corp, new board members at Kutubu Special Purpose Authority, resignation at Oil Search and Westpac chooses its Outstanding Woman of the Year.
In brief: Nambawan Super profit of K406 million, and other business stories
Welcome,
13 Mar 2018 by Leave a Comment
Nambawan Super profit of K406 million, Bank South Pacific reports net profit of K1.99 billion, government agencies locked out of offices for allegedly non-payment of rents. Your weekly digest of the latest business news.
USD 0.2464
AUD 0.3918
GBP 0.1904
EUR 0.2284
NZD 0.431
JPY 37.15
SGD 0.3304
Recent readers’ comments