Papua New Guinea

Currently in the midst of its longest period of expansion since the country achieved independence in 1975, Papua New Guinea’s economy has grown every year since 2003, buoyed by developments in the energy and mining sectors. In 2011 PNG reported GDP growth of 8.9% – one of the highest rates in the world – due largely to strong domestic demand as a...

Over the past five years, Papua New Guinea’s insurance industry has grown substantially, in line with the nation’s rapidly expanding economy. While still relatively small by international standards, the sector has posted solid returns since the mid-2000s, and most local players are looking forward to continued growth in the coming decade. The non-...

While Papua New Guinea’s capital markets have grown dramatically in recent years, the Securities Commission of PNG (SCPNG) has not developed at the same rate. The regulator is widely viewed among market participants and related firms as inadequate, underfunded and unable to effectively supervise the Port Moresby Stock Exchange (POMSoX). According to...

Separated only by the Torres Strait – a distance of 150 km – Papua New Guinea and Australia have translated their geographic ties into political and economic cooperation. Indeed, Australia has long been PNG’s largest export market, while also being its biggest source of imports. Australian companies are also heavily represented in PNG and around...

THE COMPANY: Incorporated in 1974, Bank South Pacific (BSP) has grown to become the largest bank in the South Pacific. BSP is also Papua New Guinea’s largest bank, despite the presence of international competitors. BSP was listed on the Port Moresby Stock Exchange in 2003, and the company has subsequently...