Though the country may appear to lack liquidity, Papua New Guinea may have billions of kina hidden outside the banking system. According to Tony Westaway, managing director of Nationwide Microbank, residents tend to store cash at home, or hide large sums underground in bamboo pipes and in tin cans. The reasons are many: some people do not...
Financial literacy and financial inclusion are becoming pressing issues in Papua New Guinea and receiving increased attention. In part, this is a function of global trends: financial literacy is vital to sustainable development and is actively being supported by the donor community and local governments. It is also especially a focus for PNG,...
For most of its history, the Indonesian banking sector has been highly regulated, with the government often intervening in a heavy-handed manner to achieve policy goals and correct larger economic concerns. The results have been mixed, with the authorities erring at times on the side of too much control and at other times on the side of too much freedom, with some of the...
The Indonesian banking sector continues to strengthen after a lengthy period of expansion. Business remains sound with sufficient capital to support credit growth, while the regulatory environment is benign and supportive, poising the industry for further expansion.
With JPM organ Chase & Co recently advising traditional global bankers that “Silicon Valley is coming”, and Goldman Sachs estimating that the disruptive newcomers of the financial technology segment (FinTech) attracted $12bn in investment worldwide in 2014 – up from $4bn in 2013 – a new era in finance is beginning. This global trend has not passed Indonesia, either. Indeed...
What challenges does Mongolia’s economic slowdown pose for the banking sector? Where are there opportunities for growth?
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×