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PAPUA NEW GUINEA NEWS, FACTS, INFORMATION, STORIES AND INSPIRATIONS

Analyzing the key factors contributing to BSP Limited's sustained success in the banking sector of Papua New Guinea.

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Analyzing the key factors contributing to BSP Limited's sustained success in the banking sector of Papua New Guinea.   The Secrets Behind BSP Limited's Market Dominance CASE STUDY OF BSP LIMITED'S SUCCESS by Ismael Long -success leaves clues- This is why BSP Limited has dominated the market share for many years Bank South Pacific Limited (BSP) , Papua New Guinea's largest bank, has maintained its dominance in the market share for many years. Its consistent success stems from several key factors that set it apart from competitors. 1. Extensive branch network BSP has the most extensive branch network across Papua New Guinea, including remote and rural areas where other banks have little or no presence. By making banking accessible to the majority of the population, BSP captures a larger customer base and builds loyalty through convenience. 2. Innovative products and services The bank continually adapts to market demands by introducing innovative financial products such a...
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PNG CUSTOMS EXCEEDS BUDGET PROJECTIONS BY K500 MILLION IN TAX REVENUE COLLECTIONS

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 PNG CUSTOMS EXCEEDS BUDGET PROJECTIONS BY K500 MILLION IN TAX REVENUE COLLECTIONS It gives me great pleasure to announce that PNG Customs Service collected K465 million plus (14%) in tax revenues in excess of its supplementary budget target of K3,077.78 million for fiscal year 2022 as at week ending 16th  December 2022. This figure also included log and fuel levies collected. This amount is set to increase up to more than K500 million in excess of the budget target when collections for the remaining two weeks are added. This is unprecedented and a great achievement for PNG Customs as it is the highest surplus revenue that Customs has ever collected to date in a single year compared to other years when Customs also exceeded revenue projections. We commenced the year with the theme ‘2022 The Year of Elevation’ aimed at sustaining and building on from the success in the 2021 financial year. This provided the impetus and drove us to achieve this great growth result. The K3,502.80...
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Location: Papua New Guinea
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Full speech: Australian Prime Minister Anthony Albanese's Address to Papua New Guinea's Parliament

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