In brief: moves to reserve small business for locals, Ok Tedi orders stayed and BSP profits up

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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

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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

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Bank of South Pacific has announced the resignation of company director John Jeffery.

People Moves: Bank of South Pacific

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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

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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.

Business backs Buk bilong Pikinini

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Papua New Guinea’s business community has rallied round Buk bilong Pikinini (BbP), a charity dedicated to bringing literacy to children through libraries.

Around the world: High profile violence/Vodafone in Madrid/mining approval delays/busy Pacific Beat/Greek sell-off

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PNG violence, Vodafone in Madrid, PNG criticised for mining delays, the gold crash leads to a gold rush, and much more news from around the world

People moves: BSP, Bougainville Copper, Kingston Retail

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A new CEO announced for BSP, Bougainville Copper board changes and a new divisional manager at K K Kingston.

How will PNG’s and the Pacific’s economy fare in 2013?

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Business Advantage PNG spoke with the region’s three most senior bankers to get their thoughts on the year ahead. ‘There will be some slowness in the year ahead based on global economic factors, but on the whole I’m reasonably positive,’ says ANZ’s CEO Pacific, Vishnu Mohan (pictured below). ‘I think the good news for the […]

People Moves: executive moves and changes relevant to Papua New Guinea

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Changes at Steamships/BSP Geoff Cundle will take over as Managing Director and CEO of Steamships in January 2013. He replaces David Cox. Sean Pelling will be taking over the role of Finance Director, following the departure of Eddie Ruha, who has taken on the role of Chief Financial Officer PNG at Bank of South Pacific. […]