Although commercial banking assets and business lending dropped in 2017 as a result of macroeconomic headwinds, the sector has performed well in recent years. Notably, Bank of South Pacific (BSP), which is PNG’s biggest lender, recorded robust asset, lending, and profit growth, with returns on equity rising to a new highs in 2017. At the same...
Although small by international standards, Papua New Guinea’s capital markets have performed well in recent years, despite facing notable macroeconomic challenges. Key indices on the Port Moresby Stock Exchange (POMSoX) expanded steadily in 2017, supported by robust growth of two of its largest listed companies, Bank South Pacific (BSP) and Oil Search, and an increase in...
Although the agriculture sector has some significant hurdles to overcome, this has not stopped a host of agri-business projects from sprouting up across the country in recent years. With the gradual inward flow of foreign capital and the adoption of farming-optimisation techniques, agri-business has the potential to be the new growth engine of...
How would you assess government attempts to provide greater incentives for domestic industry?
What are the top priorities for the sector with regard to power generation and infrastructure?
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