Credit Corporation shareholders decide not to sell up to BSP, while Papua New Guinea business visa fees rise sharply and Ok Tedi landowners threaten to close the mine in the latest dispute over the government’s takeover.
Nautilus Minerals looks across the Pacific after securing Papua New Guinea undersea mining deal
Welcome,
30 Apr 2014 by 3 Comments
Canadian mining company Nautilus Minerals will accelerate its range of seabed mining projects across the Pacific, after finally signing a US$120 million (K336 million) agreement with the Papua New Guinea government to develop its Solwara 1 mining project in the Bismarck Sea.
Solomon Islands businesses counting the cost of devastating flood
Welcome,
9 Apr 2014 by Leave a Comment
While businesses are open again in the centre of Honiara, Solomon Islands, after last week’s devastating floods, transport appears to be the main problem facing business owners.
Credit Corporation shareholders to decide on K250 million BSP offer
Welcome,
12 Sep 2013 by
After negotiations which have lasted since January, Bank of South Pacific (BSP ) and Credit Corporation have entered into a ‘Share Sale and Purchase Agreement’, whereby BSP will acquire of Credit Corporation’s financial services businesses, if Credit Corporation’s shareholders approve.
In brief: O’Neill defends loan, call to boost police/military, Abbott in PNG
Welcome,
20 Mar 2014 by Leave a Comment
O’Neill defends loan to buy into Oil Search, economy vulnerable unless security boosted, Manus Detention Centre focus of Abbott/O’Neill talks. Your weekly digest of the latest business news.
In brief: moves to reserve small business for locals, Ok Tedi orders stayed and BSP profits up
Welcome,
5 Mar 2014 by 2 Comments
Moves to reserve small businesses for locals, Court rescinds orders preventing Ok Tedi from dumping waste and BSP records 11% profit increase. Your digest of the week’s business news.
BSP’s rural banking opens up market access
Welcome,
31 Jul 2013 by 1 Comment
Christine Iauve, a vegetable farmer from Magautou village, used to keep her hard-earned cash in a safe. Now she, and hundreds of others in rural and remote areas, are getting access to banking services, and setting ambitious goals.
People moves: Bank of South Pacific
Welcome,
29 May 2013 by
Bank of South Pacific has announced the resignation of company director John Jeffery.
People Moves: Bank of South Pacific
Welcome,
21 May 2013 by
BSP announced the appointment of Haroon Ali as Chief Risk Officer for the BSP Group based in Papua New Guinea. Ali will take over from Robin Fleming, who becomes the BSP Group CEO from 1 June [link].
Interview: departing CEO Ian Clyne on three companies that have transformed Papua New Guinea forever
Welcome,
14 May 2013 by Leave a Comment
After five years as ‘boss bilong BSP’, Ian B Clyne completes his five-year appointment as the CEO of PNG’s largest bank at the end of this month. Business Advantage PNG caught up with him for one final chat.
USD 0.2594
AUD 0.383
GBP 0.1999
EUR 0.2381
NZD 0.4255
JPY 40.98
SGD 0.3482
Recent readers’ comments