New banks in Papua New Guinea to ‘change the game’

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Credit Corporation was one of two financial institutions to receive PNG commercial banking licences this month, with more new banks planned. Credit Corp’s Chief Executive Danny Robinson outlines his bank’s digital-first approach, while the IFC’s Kevin Gani explains the path forward for other prospective banks.

People moves: Ok Tedi Mining, PNGX, Credit Corporation, TISA Community Finance

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Ok Tedi Mining and TISA Community Finance appoint new CEOs, new board members for PNGX and Credit Corporation PNG, while Geopacific Resources has a new interim CEO.

In brief: Papua New Guinea’s banking sector gets ready for more competition and other business stories

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Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont’s proposal to combine with Newcrest Mining. Your business news in summary.

Executive class: up-and-coming Papua New Guinea professionals [part 2]

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We speak with Philip Dotana Hehonah, Company Secretary and Head of Legal at Teachers Savings and Loan Society, about leadership and success. He is the second interviewee in our six-part series showcasing Papua New Guineans under 40 who are leading the next generation.

People moves: Kina, TISA, Pacific Islands Forum, National Fisheries Authority, Mayur Resources

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Kina Securities announces changes to its Executive Management Team, TISA Community Finance welcomes new Chairman, Pacific Islands Forum Secretariat has a new PA Officer, a change to the board at Mayur Resources, and National Fisheries Authority welcomes Managing Director.

In brief: new telecommunications project for Papua New Guinea and other business stories

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The Asian Development Bank and ATH partner to develop a new mobile broadband telecommunications network in Papua New Guinea, the National Airports Corporations partners with the Fly River Provincial Government and PNG to redevelop the meat industry. The business news in brief.

People moves: Teachers Savings and Loans Society

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New Non-executive Directors join the Teachers Savings and Loans Society (TISA) Community Finance Ltd.

In brief: Five countries abandon the Pacific Island Forum and other business stories

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Micronesian nations leave the Pacific Island Forum, Kumul Submarine Cable yet to be completed and Daru Island becomes centre of political tension. The latest business news in a nutshell. 

In brief: What companies in Papua New Guinea are doing to stop the spread of COVID-19 and other business stories

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Telikom PNG launches a COVID-19 helpline, mining companies announce contingency plans and studies conducted at the Frieda River project site to be finalised. The news you need to kickstart your week.