BSP expands further into the Pacific and launches new subsidiary

Welcome,

A commitment to growth throughout the Pacific region has continued for Papua New Guinea-based Bank of South Pacific, with the acquisition of new Pacific operations from Westpac and launch of a new subsidiary.

People moves: Westpac, ANZ

Welcome,

Westpac CEO to retire, New CEO for ANZ in Vanuatu

Five questions for … Lesieli Taviri, winner of the 2014 Westpac Oustanding Women Award

Welcome,

Earlier this month,Westpac Bank declared the General Manager of Origin Energy PNG, Lesieli Taviri, as this year’s winner of the Westpac Outstanding Women Award in Papua New Guinea. Business Advantage PNG spoke to Taviri about her career and aspirations.

What’s around the corner for the Pacific economy?

Welcome,

The Pacific’s increasing integration with Asia, elections in Fiji and more leadership from Papua New Guinea are just some of the factors likely to shape the region over the coming year, according to the region’s three top bankers. In exclusive interviews with all three, Business Advantage PNG canvasses their thoughts on the year ahead.

In brief: First LNG shipment on board ship this week and other business stories

Welcome,

First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.

In brief: Emergency declared in Porgera over illegal mining and other business stories

Welcome,

A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.

Kina Finance launches first non-bank EFTPOS card

Welcome,

Kina Group has launched Papua New Guinea’s first non-bank EFTPOS cash card.

In brief: O’Neill defends loan, call to boost police/military, Abbott in PNG

Welcome,

O’Neill defends loan to buy into Oil Search, economy vulnerable unless security boosted, Manus Detention Centre focus of Abbott/O’Neill talks. Your weekly digest of the latest business news.

Solomons’ banks close foreign logging company accounts

Welcome,

Commercial banks in the Solomon Islands have closed down several logging company bank accounts, in a move that will make it almost impossible for those companies to receive export proceeds.

BSP’s rural banking opens up market access

Welcome,

Christine Iauve, a vegetable farmer from Magautou village, used to keep her hard-earned cash in a safe. Now she, and hundreds of others in rural and remote areas, are getting access to banking services, and setting ambitious goals.