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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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SANTOS AGREES TO SELL 5% STAKE IN PNG LNG TO STATE-OWNED KUMUL FOR $1.1 BILLION - WHY PAYING FOR SOMETHING THAT PNG ALREADY OWN?

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SANTOS AGREES TO SELL 5% STAKE IN PNG LNG TO STATE-OWNED KUMUL FOR $1.1 BILLION  Reporting by Sonali Paul, Editing by Louise Heavens  Source link:  https://www.reuters.com/markets/commodities/santos-agrees-sell-5-stake-png-lng-state-owned-kumul-report-2022-09-26/ MELBOURNE, Sept 26 (Reuters) - Santos Ltd (STO.AX) has agreed to sell a 5% stake in PNG LNG to Papua New Guinea's state-owned Kumul Petroleum for $1.1 billion in a deal to be announced on Tuesday, the Australian Financial Review reported late on Monday. Santos declined to confirm the report. Kumul Petroleum could not be reached outside office hours. Santos said in August it expected to reap proceeds from the sale of a 5% stake in PNG LNG "in line with market consensus valuation", which was around $1.5 billion. There had been some speculation that Santos was under pressure to give away 5% of PNG LNG to Kumul Petroleum, but Santos Chief Executive Kevin Gallagher told Reuters in August: "Whoever is going to get...
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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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