Although still fledgling, Papua New Guinea’s capital markets have strong prospects for growth as the economy looks forward to significant foreign-currency inflows linked to the liquefied natural gas (LNG) project and the development of new resource projects. According to ANZ Bank’s projections for medium-term growth, PNG will require some $...
THE COMPANY: Bank South Pacific (BSP) is the largest bank in Papua New Guinea and the South Pacific. It is a widely recognised brand in the area, and a regional leader in innovation in the financial sector. With the largest branch, rural and electronic banking networks in PNG, Fiji and the Solomon...
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?
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