People moves: Kina Group, KPMG

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Kina appoints a new brand ambassador, new KPMG partner appointed 

A revolution in banking is on the way, says Kina Group’s chief

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The way banks operate will change dramatically over the next five years, according to Kina Group’s Syd Yates. Banks will need to be quasi-technology companies.

People moves: Kina Securities, Bank South Pacific, Credit Corp, Airswift

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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

Results of Papua New Guinea’s major companies show some struggling more than others

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Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.

In brief: Ok Tedi mine reopens and other Papua New Guinea business stories

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Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.

People moves: Kina Securities; APEC Group on Forestry

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Papua New Guinean to chair expert APEC forestry group

In brief: Papua New Guinea to issue visas on arrival from next year for Australian tourists, but not business people, and other business stories

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Visas on arrival to be available for Australian tourists, Morobe Governor to suspend trading licences for shops using street vendors, and corruption cases net K25 million for government coffers. Your weekly digest of the latest business news.

In brief: Hope that SABLs leases will be return to landowners soon, and other business stories

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Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his ‘full price’. Your weekly digest of the latest business news.

Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range

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As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.

In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories

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Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.