Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
Papua New Guinea banks report substantial fall in forex waiting times
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15 Aug 2024 by 2 Comments
Breaking new ground: Tuhava Town shows the way for land use in Papua New Guinea
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2 Jul 2024 by 2 Comments
The ambitious housing development from Rhodes PNG Limited is a “first of its kind” land-use model that aims to deliver affordable housing to the country’s rising middle class.
Papua New Guinea businesses still face serious forex delays, despite interventions
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23 May 2024 by 1 Comment
PNG banks and businesses tell Business Advantage PNG of considerable variation in wait times for foreign exchange, as the country’s central bank acknowledges the economic damage caused. We look at the prospects for improvement.
Papua New Guinea’s banks embrace a digital future
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18 Apr 2024 by 1 Comment
Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, where about 75 per cent of the population remain unbanked. Business Advantage PNG talks to the key players find out what’s coming.
Papua New Guinea’s growing middle class driving housing construction
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13 Mar 2024 by Leave a Comment
Papua New Guinea’s construction sector as a whole has returned to pre-COVID levels, driven in part by a growth in demand for housing. Business Advantage PNG looks at what’s driving the trend.
In brief: Puma Energy foreshadows risk of fuel shortages and other business stories
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19 Jul 2023 by Leave a Comment
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
New players to fuel Papua New Guinea’s banking sector growth
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4 Apr 2023 by Leave a Comment
There is broad agreement that Papua New Guinea needs more competition in its banking sector, and several finance companies have flagged their desire to acquire banking licences. What happens next, however, is likely to depend on government action.
In brief: K92 gets lease extension for Kainantu mine and other business stories
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7 Dec 2022 by Leave a Comment
Canadian company K92 Mining gets lease extension, PNG DataCo announces cables damaged after the September earthquake have been repaired and Kina Bank changes plans because of the raise in corporate tax. Your business news, curated and summarised.
People moves: BSP, Barrick Gold, Heduru Moni, Kina Bank, Coca-Cola
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9 Nov 2022 by Leave a Comment
A new Group CEO for BSP Financial Group, Barrick Gold and Heduru Moni announce new Independent Directors, Kina Bank welcomes new Regional Manager and Coca-Cola appoints new marketing executive.
People moves: Kina Bank, Pharmaceutical Society, Air Niugini
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10 Aug 2022 by Leave a Comment
Kina Bank announces a new Business Development Manager, the Pharmaceutical Society of Papua New Guinea appoints new patron, and Air Niugini welcomes two new directors.
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