TISA Community Finance Prepares for Transition to Commercial Bank Status
TISA Community Finance has completed its preparations to transition into a commercial bank, according to Chief Executive Officer Sunil Pokharel. Speaking at the sixth Small-to-Medium Enterprise (SME)...
View ArticlePNG Government Approves Electronic Single Window System to Boost Trade
The Papua New Guinea Government has given the green light for the implementation of an electronic single window (ESW) system aimed at facilitating trade and investment, according to International...
View ArticlePNG Resource Sector Reinvests Profits, Faces Dividend Tax Scrutiny
The Papua New Guinea Chamber of Resources and Energy president, Anthony Smare, has stated that resource sector companies are reinvesting their profits back into the country. According to Smare, the...
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Business Leader Urges Privatization of Air Niugini for Better Competition
Business Leader in PNG Urges Privatization Of Air Niugini For Better Competition Brian Bell Group chairman and frequent flyer Ian Clough has highlighted the lack of genuine competition in Papua New...
View ArticleBPNG FX Interventions and Foreign Reserves Stable Despite Increased Market...
Despite a significant 40 percent increase in quarterly foreign exchange (FX) interventions by the Bank of Papua New Guinea (BPNG) and robust foreign reserves, the average outstanding market FX orders...
View ArticlePNG Government Provides K16.1 Million to City Pharmacy for Post-Riot Restocking
The Papua New Guinea Government has issued a K16.1 million cheque to City Pharmacy Limited (CPL) group of companies to assist with restocking their stores following the severe disruptions caused by the...
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PNG-Made Products Reach World Stage at Australian Trade Exhibition
Papua New Guinea-based company Lae Biscuit Company Limited is promoting its PNG-made products on the international stage for the first time through an exhibition in Australia. The company is...
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CPL Reports Revenue Decline Following Store Closures and Economic Challenges
CPL Foundation Chairman Sir Mahesh Patel The City Pharmacy Limited (CPL) Group has reported a decline in revenue for the first half of 2024 compared to the same period last year, largely due to the...
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Yaninen: Rising Inflation Puts Pressure on PNG’s Small Businesses
Yaninen: Rising Inflation Puts Pressure on PNG’s Small Businesses Small-to-medium enterprises (SMEs) in Papua New Guinea are grappling with rising inflation, which has led to increased costs of raw...
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Kina Bank to Decommission Kina Local Cards by End of October
Papua New Guinea’s Kina Bank has announced that it will be decommissioning its Kina Local Cards by 31 October 2024. Customers are urged to visit any Kina Bank branch or Digital Hub to exchange their...
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