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
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25 Mar 2014 by
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
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20 Mar 2014 by Leave a Comment
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
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15 Aug 2013 by 1 Comment
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
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31 Jul 2013 by 1 Comment
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.
Memoir: Exporting along the Kokoda Trail
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25 Jul 2013 by
Three years ago, ‘Airport Economist’ Tim Harcourt came to Papua New Guinea to see how it was coping after the global financial crisis. In this excerpt from his forthcoming book, Trading Places – The Airport Economist’s Guide to International Business, he reflects on what he found.
Don’t panic: agricultural markets will weather the global storm
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26 Jun 2013 by
Commodities prices have been sold off heavily over the past week on worries that the global economy will slow. What does this mean for Papua New Guinea’s agricultural producers?
People moves: Bemobile, Westpac, Cue Energy Resources, InterOil
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24 Apr 2013 by
Major changes at Bemobile as Vodafone steps in to take over, while Westpac MD and InterOil CEO announce departures.
Around the world: sorcery killings/ANZ CEO/Westpac in Asia/BHP
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12 Feb 2013 by Leave a Comment
Sorcery killing The killing of a young woman accused of witchcraft has brought PNG to the attention of the international media for the wrong reasons in the past week, with the United Nations and Amnesty International speaking out on the issue. Writing in The Australian (9 Feb) Rowan Callick compared the case to the widely-publicised […]
How will PNG’s and the Pacific’s economy fare in 2013?
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29 Jan 2013 by
Business Advantage PNG spoke with the region’s three most senior bankers to get their thoughts on the year ahead. ‘There will be some slowness in the year ahead based on global economic factors, but on the whole I’m reasonably positive,’ says ANZ’s CEO Pacific, Vishnu Mohan (pictured below). ‘I think the good news for the […]
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