A new board member at the Bank of South Pacific
Fiji’s return to democracy expected to bring investment opportunities
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17 Sep 2014 by Leave a Comment
Foreign investment in the Fiji economy is expected to return, following the first democratic election since the 2006 coup. Tourism, infrastructure and natural resources are three sectors expected to benefit, but economists and business leaders say that will depend on political and policy stability, as Kevin McQuillan reports.
The quotable 2014 Papua New Guinea Advantage Investment & Infrastructure Summit
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11 Sep 2014 by 2 Comments
The Papua New Guinea Advantage Investment and Infrastructure Summit was held in Port Moresby this week. Over two days, delegates heard about Port Moresby becoming ‘the Dubai of the Pacific’, tax incentives in the 2015 Budget and how to develop relationships with Chinese business. Here are some highlights.
In brief: O’Neill declares PNG moving towards a new regime of ‘managed economic growth’ and other business stories.
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3 Sep 2014 by
A new approach to managing PNG’s economy, Manus Island detention centre to be ‘wound down’, and PNG cricketers turning professional. Your weekly digest of the latest regional business news.
In brief: K2 billion boost for roads and bridges, and other business stories
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27 Aug 2014 by
Japan funding K2 billion for roads and bridges, the National Executive Council prevents PNG Power from defaulting on overdraft and PanAust buys 80% share of Frieda River project. Your weekly digest of the latest business news.
IFC US$50 million funding boost for Bank of South Pacific
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6 Aug 2014 by
The International Finance Corporation (IFC) has negotiated an additional US$50 million in funding for the Bank of South Pacific, to expand its financing and promote private sector growth.
In brief: Cabinet considers Ramu Valley as a ‘Special Economic Zone’ for agriculture and other business stories
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6 Aug 2014 by
Cabinet considers a plan to turn the lush Ramu Valley into a Special Economic Zone, Microbank aims at 50,000 customers and Nambawan Super’s overseas investments down 20 per cent. Your weekly digest of the latest business news.
Kulim prepares to exit Papua New Guinea with sale of New Britain Palm Oil shares
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6 Aug 2014 by 1 Comment
A new player is preparing to enter Papua New Guinea’s palm oil industry, after Malaysian conglomerate Sime Darby was selected as the preferred bidder for Kulim Malaysia’s shares in PNG’s largest agribusiness, New Britain Palm Oil (NBPOL). What do analysts think of the move?
In brief: Government to deliver military infrastructure upgrades, and other business stories
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16 Jul 2014 by Leave a Comment
The PNG Government plans to rebuild the country’s military barracks by 2017, InterOil halts drilling at Wahoo-1, and Bank of South Pacific plans share buyback. Your weekly digest of the latest business news.
Stronger kina will affect exporters, say business leaders
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12 Jun 2014 by Leave a Comment
The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.
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