If foreign investors have generally been wary of investing in Fiji since the 2006 coup, Papua New Guinea has been the exception. Most notably, in 2009, PNG’s Bank of South Pacific lived up to its name by acquiring Fiji’s Colonial Banking Group and has subsequently invested heavily to strengthen its local presence. A year earlier, […]
Managing the boom
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3 Jun 2012 by Leave a Comment
Halfway through the building of its major liquefied natural gas project, Papua New Guinea finds itself in a strong fiscal position, but with some key challenges. After ten straight years of economic growth, culminating in an impressive 8.9% increase in GDP in 2011 (compared to a world average of 4%), Papua New Guinea’s economy is […]
Reaching out to the unbanked
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1 May 2012 by Leave a Comment
Papua New Guinea’s strong financial services sector is becoming ever more sophisticated in servicing both the mass-market and premium ends of the market. ‘PNG continues to have a very, very strong banking sector. We are very lucky here to have the banks that we do. Investors want that, and they often don’t expect that there’s […]
BSP leads Papua New Guinea’s charge into the Solomons
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1 Feb 2012 by Leave a Comment
Papua New Guinea firms are playing a key role in the Solomon Islands as investment floods in. The opening of a landmark new head office building in central Honiara marks the final stage of the takeover by Bank South Pacific (BSP) of the former National Bank of Solomon Islands (NBSI). It also symbolizes the pivotal […]
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