BSP Financial Group (BFL) has responded to allegations made by the Bank of Papua New Guinea’s Financial Analysis and Supervision Unit (FASU) that it was in breach of the country’s anti-money laundering laws. Meanwhile, the Bank of PNG’s Governor has distanced the central bank from the allegations made by its own unit.
In brief: Freeport to acquire assets in Papua New Guinea and other business stories
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12 Jul 2021 by 1 Comment
Potential new owner for the Yandera copper project, proposed levy for balsa wood and BSP Financial Group halts trading on the ASX amidst accusations of breaches to anti-money laundering laws. The business news in brief.
In brief: BSP refutes allegations of breaches to anti-money laundering laws and other business stories
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23 Jun 2021 by Leave a Comment
BSP Financial Group Limited responds to accusations, Air Niugini temporarily suspends flights to Cairns and Memorandum of Understanding signed to boost green finance initiatives.
Waking up the giant: how banks can help unlock the potential of Papua New Guinea’s SMEs
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23 Jun 2021 by 5 Comments
Small and medium-sized businesses have the capacity to create jobs and propel Papua New Guinea’s economy, but how can this best be achieved? Business Advantage PNG looks at how banks are supporting the sector.
In brief: Bank of Papua New Guinea to undergo review and other business stories
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9 Jun 2021 by Leave a Comment
The Bank of Papua New Guinea to be reviewed, Porgera jobs plan, and new strategic plan for women in coffee. The business news in brief.
In brief: Shopsmart PNG signs deal with Steamships and other business stories
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26 May 2021 by Leave a Comment
Steamships partners with Emstret Holdings to help SMEs deliver its products, NDB still to loan out to SMEs, and K1 million for the honey sector. The business news in brief.
Papua New Guinea’s BSP Financial Group lists on ASX
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26 May 2021 by 1 Comment
BSP Financial Group, the Pacific’s largest bank, finally listed on the Australian Securities Exchange yesterday. The move creates a new market for its existing shares and positions the bank to tap into new sources of capital in the future.
In brief: Papua New Guinea’s BSP approved for ASX listing and other business stories
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24 May 2021 by 1 Comment
BSP Financial Group Limited receives approval to list on the ASX; a new State Negotiating team to be reappointed to the P’nyang gas project, and Joint post-referendum talks between government and Bougainville fruitful. The business news in brief.
In brief: Bougainville and Papua New Guinea government in post-referendum talks and other business stories
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19 May 2021 by Leave a Comment
Papua New Guinea’s National Government and Bougainville continue post-referendum talks, Bank South Pacific signs MoU with the Department of Finance for an online payment solution and Newcrest pledges zero carbon emissions by 2050. The business news in brief.
In brief: PNG Power and Bougainville partner to develop energy sector and other business stories
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17 May 2021 by Leave a Comment
Bright future for Bougainville’s power industry, BSP reduces equity required to get SME loan and new terminal at Momote Airport. The business news in brief.
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