While it is adapting to increased competition and quieter market conditions at home, PNG’s largest finance company, Credit Corporation, is not standing still. Chief Executive Tor Bowen tells Business Advantage PNG that the company will open its first South East Asian operation, in neighbouring Timor Leste.
In brief: Chinese companies win bid to build Ramu 2 power project, and other business stories
Welcome,
5 Apr 2017 by Leave a Comment
Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.
People Moves: Newcrest, Credit Corp, Miss PNG
Welcome,
26 Oct 2016 by Leave a Comment
Senior management changes at Newcrest, a new CEO at Credit Corp and university student crowned as Miss PNG 2016
Signs of recovery: a monthly review of commodity prices and financial markets
Welcome,
20 Jul 2016 by Leave a Comment
Despite short-term weaknesses, oil and gold prices are up over the year so far. Gas prices, although only half their 2014 peak, may be finding a floor while coffee prices are strong. Meanwhile, domestic equities have moved sideways, while some Australian miners have surged. Business Advantage PNG’s monthly overview of commodity and financial markets.
People moves: Credit Corporation, Kina Securities, Holding Redlich
Welcome,
13 Jul 2016 by Leave a Comment
Two directors resign from Credit Corporation, Kina Securities appoints an Executive General Manager, Wealth, and Oceanie Lawyers merges with Holding Redlic
People moves: Kina Securities, Bank South Pacific, Credit Corp, Airswift
Welcome,
27 Apr 2016 by
A new Director at Kina Securities, a new General Manager (HR) at BSP, the Group CEO of Credit Corp to retire and a new Country Manager at AirSwift
People moves: PNG Power, Credit Corporation, Australian High Commission
Welcome,
9 Dec 2015 by
Changes to PNG Power’s senior management, a new Chairman at Credit Corp and a new Australian High Commissioner to PNG
In brief: Oil Search rejects Woodside takeover bid as ‘highly opportunistic’, and other business stories
Welcome,
16 Sep 2015 by Leave a Comment
Analysts predict Woodside will up its takeover offer for Oil Search, Business leader estimates K1.5 billion in foreign currency waiting for processing, and NZ re-opens its trade office in Port Moresby. Your weekly digest of the latest business news.
In brief: Credit Corp profit down after completion of LNG plant, and other business stories
Welcome,
1 Jul 2015 by Leave a Comment
Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.
In brief: Treasury to review 2015 Papua New Guinea Budget, and other business stories
Welcome,
27 May 2015 by Leave a Comment
Falling commodity prices and rating outlook drop prompts Budget review, O’Neill supports Madang marine zone and new police chief to boost numbers in Port Moresby. Your weekly digest of the latest business news.
USD 0.2522
AUD 0.3872
GBP 0.1994
EUR 0.2391
NZD 0.4296
JPY 39.13
SGD 0.3387
Recent readers’ comments