Papua New Guinea’s currency, the kina, has been steady this year after weakening against a number of major currencies in late 2020. Should it be devalued further? We asked Jonathan Prince, Treasurer at Westpac PNG, to consider the consequences.
Gradual devaluation of Papua New Guinea’s currency would be ‘helpful’, says banker
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2021 PNG 100 CEO Survey: a snapshot of the effects of COVID-19 in Papua New Guinea [analysis]
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The annual Business Advantage/Westpac PNG 100 CEO Survey has captured the depth of the COVID-19 crisis and the sense of uncertainty that exists among businesses in Papua New Guinea. Westpac’s Senior Economist Justin Smirk takes a closer look.
In brief: Third mobile carrier getting ready to roll by year-end and other business stories
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Communications Minister confident in a new telco by year-end, the ICCC initiates review of Kina’s takeover of Westpac, and Ok Tedi Mining pledges K10 million in COVID-19 relief. Your business news in brief.
Nothing to fear: Kina Bank’s executive dismisses claims of ‘duopoly’ in Papua New Guinea
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Kina Bank will adopt a ‘multi-brand’ strategy after acquiring Westpac PNG, according to Lesieli Taviri, Executive General Manager for Banking. She believes fears about a duopoly are unfounded.
Kina Bank buys Westpac’s Pacific assets in billion kina deal
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Kina Bank has consolidated its position as Papua New Guinea’s second largest bank, and also taken a first step towards becoming a regional bank, by acquiring the assets of Westpac in Papua New Guinea and Fiji.
Papua New Guinea’s 2021 National Budget: the most ‘challenging in our lifetime’
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The current economic conditions are the most ‘challenging in our lifetime’, according to Justin Smirk, Senior Economist at Westpac. He told a Business Advantage PNG briefing that the success of the 2021 National Budget depended on getting Papua New Guinea’s non-resources economy firing.
Appetite for change: best practice tips for Papua New Guinea ecommerce
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Small businesses could be up and running with an ecommerce site in as little as a month, if they follow the advice of Robert Webber and Kaye Iling, the brains behind Food Pro PNG’s recent ecommerce launch.
In brief: Papua New Guinea’s Prime Minister announces major cabinet reshuffle and other business stories
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Marape shakes-up his cabinet, environmental studies to be conducted in four mine sites and the National Development Bank signs agreement to help fund SMEs. The business news you need to kickstart your week.
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