New technology may reduce internet charges, Vanuatu assesses cyclone damage and Newcrest buys Wamum gold project. Your weekly digest of the latest business news.
Papua New Guinea’s oldest finance company remains optimistic
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3 Dec 2014 by 1 Comment
Papua New Guinea’s credit finance industry has had ‘a challenging year’, according to Peter Burland, at one of the country’s leading finance companies, Credit Corporation Finance Ltd. Despite that, the company has expansion plans, he tells Business Advantage PNG.
In brief: Funding freeze on Pacific Marine Industrial Zone lifted, and other business stories
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17 Sep 2014 by
China lifts freeze on funding for Pacific Marine Industrial Zone, only five SABL leases handed back and Malaysian company to build satellite township in Central province. Your weekly digest of the latest business news.
In brief: BSP’s bid for Credit Corporation fails and other stories
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23 Oct 2013 by
Credit Corporation shareholders decide not to sell up to BSP, while Papua New Guinea business visa fees rise sharply and Ok Tedi landowners threaten to close the mine in the latest dispute over the government’s takeover.
In brief: TISA against Credit Corporation sale, LNG funds missing and other local and international stories
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9 Oct 2013 by
PNG Teachers vote down selling Credit Corp and other local and regional news.
Credit Corporation shareholders to decide on K250 million BSP offer
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12 Sep 2013 by
After negotiations which have lasted since January, Bank of South Pacific (BSP ) and Credit Corporation have entered into a ‘Share Sale and Purchase Agreement’, whereby BSP will acquire of Credit Corporation’s financial services businesses, if Credit Corporation’s shareholders approve.
PNG stock prices fall, but domestics add confidence
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12 Mar 2014 by 1 Comment
2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.
People moves: Credit Corporation
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28 Aug 2013 by
Finance company Credit Corporation (PNG) Ltd has appointed two new board members.
Economic update: our annual snapshot of Papua New Guinea’s economy
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16 Apr 2013 by
Papua New Guinea enters 2013 with a new government in place, a major gas project nearing completion and some ambitious development goals, reports Business Advantage PNG’s Andrew Wilkins.
Credit Corporation profits up 250%
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14 Mar 2013 by
Papua New Guinean finance company Credit Corporation, the target of recent buyout interest from BSP, has posted increased profits of K106.11 million in the financial year ending 31 December 2012.
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