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Finance

Abu Dhabi Consortium Withdraws $19 Billion Bid for Australia’s Santos, Ending Months of High-Stakes Takeover Drama

Abu Dhabi’s ADNOC-led consortium, known as XRG, has formally withdrawn its indicative $19 billion proposal to acquire Santos, one of Australia’s largest oil and gas producers. This decision ends months

Finance

National Banking Corporation in PNG Secures K100 Million Capital Infusion, Boosting PNG Ownership Close to 50%

The National Banking Corporation Limited (NBCL) has confirmed a major milestone in its ownership structure, with Papua New Guinea citizens and local businesses investing K100 million in new equity through

Finance

BSP Faces Profit Hit as PNG Government Transfers Accounts to National Banking Corporation

Background and Announcement On September 9, 2025, BSP Financial Group Limited announced that the PNG Government, through the National Executive Council, directed several key government departments, including Finance, Treasury, and

Finance

Nasfund vs. Nambawan Super: Papua New Guinea’s Superannuation Giants Battling for Your Retirement Future

Superannuation funds are essential to securing the financial futures of Papua New Guinea’s workforce. Nasfund and Nambawan Super stand as the two largest funds, each with distinct approaches to investment,

Finance

BSP Financial Group Reports Strong First Quarter of 2025 Growth Amid Strategic Investments

Papua New Guinea’s largest banking institution, BSP Financial Group Limited, began 2025 with a strong first quarter, posting notable revenue growth and a healthy bottom line despite making deliberate investments

Shell CEO Wael Sawan. Photo: Market Watch

Finance

Shell’s Potential BP Takeover: A $100 Billion Game-Changer or a Risky Gamble?”

LONDON — Speculation about a potential Shell acquisition of BP has intensified, prompted by reports from Bloomberg and The Times. Neither Shell nor BP have confirmed or denied these rumors,

Jaindi Exports, Coconut Giant from Sri Lanka. Photo: Jaindi Exports

Finance

A Closer Look at Jaindi Exports and Its Plan to Build a Massive Content Processing Plant in Madang, PNG

Madang, PNG-Jaindi Export Pvt Limited, a Sri Lankan coconut product manufacturer, aims to reshape Papua New Guinea’s coconut industry with a massive processing plant in Madang. But who is Jaindi,

Finance

ANZ Reports Record Revenue of A$10,995 million in CEO Shayne Elliott’s Final Result

Melbourne, May 8, 2025 – ANZ Bank has announced a record-breaking interim result, delivering its highest revenue for any half in the lender’s history, as Chief Executive Officer Shayne Elliott

Finance

Westpac Bank Reports $3.5 Billion Net Profit for First Half of 2025 Financial Year

Key Points Net profit: $3.5 billion, down 1% from last year. Interim dividend: 76 cents per share. Total loans: $825 billion, up 5%. Customer deposits: $697 billion, up 7%. CET1

Finance

Scam or Lifeline? Govt-Backed Niucare Scheme Altered Due to Public Backlash

The introduction of the Niucare Life Insurance Policy in Papua New Guinea (PNG) has received a harsh backlash across the country and overseas. While the initiative has merit, prominent leaders,

Barrick Gold Faces Uncertainty Over Confiscated Gold in Mali, Operations in Papua New Guinea Unaffected

Bamako, Mali – Barrick Gold Corp., one of the world’s largest gold producers, is grappling with uncertainty following the seizure…

Resources

Mayur Resources Raise K265 Million to Fund its Central Cement and Lime Project in Papua New Guinea

Port Moresby- Mayur Resources has raised K265 million (A$100.1 million) to fund its Central cement and lime project in Papua…

Leadership

K12 Billion Legacy: Paul Sayer Built Nambawan Super from K6 Billion to K12 Billion

Port Moresby, December 17, 2025 – When Paul Sayer joined Nambawan Super in 2017, Papua New Guinea’s largest superannuation fund managed…

Finance

PNG Govt Gets Another US$219 Million Loan from IMF

Papua New Guinea has secured immediate access to approximately US$219 million from the International Monetary Fund (IMF), following the Executive…

Geopolitics

Australia Funds Google’s $120 Million Internet Cable Project for PNG to Counter China’s Huaweii

Google is in talks with Papua New Guinea (PNG) government to roll out three subsea cables across the country at…

Economic Updates

Mastercard Forecasts 3.1% Global Growth in 2026—Asia Pacific Steady

Global real gross domestic product growth is forecast to reach 3.1% in 2026, representing only a slight decline from the…

Exepreneur

Exepreneur

Abu Dhabi Consortium Withdraws $19 Billion Bid for Australia’s Santos, Ending Months of High-Stakes Takeover Drama

National Banking Corporation in PNG Secures K100 Million Capital Infusion, Boosting PNG Ownership Close to 50%

BSP Faces Profit Hit as PNG Government Transfers Accounts to National Banking Corporation

Nasfund vs. Nambawan Super: Papua New Guinea’s Superannuation Giants Battling for Your Retirement Future

BSP Financial Group Reports Strong First Quarter of 2025 Growth Amid Strategic Investments

Shell’s Potential BP Takeover: A $100 Billion Game-Changer or a Risky Gamble?”

A Closer Look at Jaindi Exports and Its Plan to Build a Massive Content Processing Plant in Madang, PNG

ANZ Reports Record Revenue of A$10,995 million in CEO Shayne Elliott’s Final Result

Westpac Bank Reports $3.5 Billion Net Profit for First Half of 2025 Financial Year

Scam or Lifeline? Govt-Backed Niucare Scheme Altered Due to Public Backlash

Recent Posts

Barrick Gold Faces Uncertainty Over Confiscated Gold in Mali, Operations in Papua New Guinea Unaffected

Mayur Resources Raise K265 Million to Fund its Central Cement and Lime Project in Papua New Guinea

K12 Billion Legacy: Paul Sayer Built Nambawan Super from K6 Billion to K12 Billion

PNG Govt Gets Another US$219 Million Loan from IMF

Australia Funds Google’s $120 Million Internet Cable Project for PNG to Counter China’s Huaweii

Mastercard Forecasts 3.1% Global Growth in 2026—Asia Pacific Steady

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