THE COMPANY: City Pharmacy Limited (CPL) was established in 1986 and is one of the leading retail/wholesale companies in Papua New Guinea. CPL has a number of pharmacy outlets and retail branches located throughout PNG, and it also operates hardware supply stores and Bon Café outlets. The company...
THE COMPANY: In 2013 Credit Corporation (CCP) reported its group core cash operating profit increased to $34.63m compared to $32.74m in 2012. Net earnings after tax were down 45% to $24.03m. Negative adjustments of $703,245 from investments in traded equities and $2.79m from fair value assessment of...
What is the relevance of microfinance in Papua New Guinea and where are there more opportunities?
Given the strong GDP growth projected for 2015, how much is the kina likely to appreciate?
Formally launched in December 2013, the Bank of Papua New Guinea’s (BPNG) National Financial Inclusion and Financial Literacy Strategy aims to expand the reach of formal financial services to 1m of the previously unbanked, half of which are women, by the end of 2015. While ambitious, the strategy builds on initial successes in rural banking,...
Long held back by inefficiencies linked to geography, manual operations and slow procedures, Papua New Guinea’s banking sector marked a watershed in 2013 with the initial implementation of a real-time gross settlement (RTGS) system. Running on the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, the high-value...
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