Papua New Guinea’s largest bank considers dual listing, ADB outlook for PNG ‘positive’, and Santos restructures. Your weekly digest of the latest business news.
In brief: BSP Chairman says dual listing on ASX ‘speculative’, and other Papua New Guinea business news
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In brief: InterOil considers appeal after ExxonMobil takeover rejected, and other business stories
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Canadian court upholds appeal against ExxonMobil takeover bid for InterOil, BSP CEO says 2017 Budget reflects prevailing conditions, and Sepik Plains holds high potential for beef industry. Your weekly digest of the latest business news.
Opinion: how the digital world is taking over business
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Marketing never stays still. Robert Hamilton-Jones returns to the city of his birth to find out how digital technology is raising customers’ expectations to new heights.
Demand for affordable housing sees price rises, according to Papua New Guinea property survey
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Demand for residential houses among the growing urban population, especially in Port Moresby, has increased but the supply of quality and affordable houses has seen prices rise ‘exhorbitantly’, according to a new survey of the housing market by consultancy Niugini Land and Property.
Saving key to improving credit to Papua New Guinea business, say top bankers
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The greatest challenge facing Papua New Guinea’s financial system and businesses is to establish saving in the country’s mostly unbanked population. That is the message from three of the country’s top bankers.
Business Advantage Boardroom, Episode 1: Papua New Guinea’s top bankers discuss the financial services sector
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Papua New Guinea’s top bankers discuss the kina, foreign exchange shortages, finance for business and the future of banking services.
In brief: Trade Minister says Papua New Guinea will break global trade laws with proposed rice plan, and other business stories
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Trade Minister Maru says he will recommend the government abandon its proposed rice policy, Bougainville landowners want government to hold its BCL shares, and Fiji says there are no bans on PNG imports. Your weekly digest of the latest business news.
Top bankers set the record straight on Papua New Guinea’s foreign exchange shortage
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Papua New Guinea’s top two bankers, Loi Bakani, Governor of the Bank of Papua New Guinea and Robin Fleming, Chief Executive of Bank South Pacific, have asserted that the kina is not ‘controlled’. The shortage of foreign exchange is rather due to supply demand imbalances—but there is light at the end of the tunnel.
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