With Papua New Guinea’s soon-to-be-completed National Transmission Network likely to bring improved internet speeds and reliability by the end of the year more PNG companies are expected to explore the possibility of selling goods and services online. Andrew Wilkins looks at the potential for ecommerce.
‘The new PNG cyberspace’: ecommerce set to take off in Papua New Guinea
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In brief: PM assures students 2016 Papua New Guinea Budget will be implemented, and other business news
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O’Neill assures students 2016 Budget will be implemented, Singapore’s Jaya Holdings buys Moni Plus for K518million and Bougainville aims for mid-2019 independence vote. Your weekly digest of the latest business news.
Bank South Pacific committed to developing PNG’s SME sector
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Bank South Pacific’s SME manager, Dennis Konu, explains the bank’s innovative SME strategy and how he is relishing his role with the APEC Business Advisory Council (ABAC).
People moves: Kina Securities, Bank South Pacific, Credit Corp, Airswift
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A new Director at Kina Securities, a new General Manager (HR) at BSP, the Group CEO of Credit Corp to retire and a new Country Manager at AirSwift
Strong performance by Bank South Pacific in 2015 benefits Papua New Guinea economy
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Bank South Pacific (BSP) had a strong performance in 2015. It was a bright spot for the Papua New Guinea economy. The Chief Executive of BSP, Robin Fleming, says the bank’s profits have allowed the company to increase its payments of dividend income back into the economy.
In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories
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Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.
Results of Papua New Guinea’s major companies show some struggling more than others
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Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.
In brief: LNG overtakes gold as top export and other Papua New Guinea news
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LNG overtakes gold as PNG’s top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.
SME policy launch reflects growing realisation that Papua New Guinea cannot rely solely on the resources sector
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The launch of the country’s first master plan to develop the Small and Medium Sized Enterprise (SME) sector reflects a growing acknowledgment by Cabinet ministers that they need to grow sectors other than mining.
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