Tourists can now come into PNG again following a major change to Papua New Guinea’s pandemic measures, NICTA clarifies potential price reductions and licence for Feni Island project is renewed. The business news you need today.
In brief: Kina Bank announces new branches in Papua New Guinea and other business stories
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1 Dec 2021 by 1 Comment
Kina Bank to open new branches in Papua New Guinea, Minister for Information & Communication Technology launches new ICT plan, and Nambawan Super starts construction of Waigani office complex. The business news you need today.
Papua New Guinea’s 2022 Budget to address budget repair
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24 Nov 2021 by 3 Comments
Papua New Guinea’s Treasurer Ian Ling-Stuckey is expected to deliver his third National Budget tomorrow (Thursday), with a major focus on managing the country’s K6 billion budget deficit.
Finance and trade: Samoa’s first female Prime Minister on the future of investment
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3 Nov 2021 by Leave a Comment
Samoa is one of the few countries in the world that remains COVID-19 free. Prime Minister Fiame Naomi Mata’afa outlines the challenges, and trade and investment opportunities that re-opening the country to the world bring.
In brief: Papua New Guinea signs agreements to build refinery and mint facility and other business stories
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3 Nov 2021 by 1 Comment
A project to build a refinery and mint facility in Port Moresby could put Papua New Guinea in the ‘world gold map’, Bougainville to receive K50 million electricity support package, and new agribusiness development in Western Province. The business news you need today.
Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets
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14 Sep 2021 by 6 Comments
It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea’s Independent Consumer and Competition Commission has issued a ‘final determination’ declining authorisation of Kina’s proposed acquisition of Westpac Papua New Guinea.
Papua New Guinea Investment Conference gets off to a flying start
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8 Sep 2021 by Leave a Comment
The three day Business Advantage Papua New Guinea Investment Conference got off to a flying start on Tuesday 7 September, with no less than two prime ministers and a host of other expert speakers addressing the digital forum. The tone was more upbeat than could have been expected 18 months into the COVID-19 pandemic. The […]
In brief: BSP Financial Group announces half year results and other business stories
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25 Aug 2021 by Leave a Comment
BSP Financial Group and Oil Search present half year results, Papua New Guinea signs agreement with the Organisation for Economic Co-operation and Development. The business news you need today.
ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets
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27 Jul 2021 by Leave a Comment
In an interim determination, Papua New Guinea’s Independent Consumer and Competition Commission (ICCC) says it may not allow Kina Bank to buy Westpac’s remaining assets in the Pacific.
In brief: Kina Bank’s new loan for SMEs in Papua New Guinea and other business stories
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19 Jul 2021 by 4 Comments
Kina Bank announces K50 million for small and medium-sized businesses, Prime Minister Marape’s update on mining projects, and BSP Financial Group cautiously optimistic about Papua New Guinea’s post-COVID recover. The business news you need today. Ports Atlas Steel PNG has been awarded a contract under the PNG Ports Safety and Security Upgrades Program to supply […]
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