Kina Bank CEO

Kina Bank CEO, Greg Pawson, said this during the Prime Minister’s Back to Business Breakfast in Port Moresby on January 30^th.

It was a fully packed event with the business community for the Prime Minister’s first major engagement for 2020.

In his speech, Pawson early on highlighted the major pressing issue viewed by the business sector; the delay in LNG project decisions and its potential impact.

Pawson said the delay will affect potential investment and hinder prospective growth.

Pawson said this inadequacy makes it difficult to implement world leading technology in PNG.

He said there is lot of opportunities in PNG, but a lot of work needs to be done.

Pawson said Kina had just completed an upgrade of its core banking system and this allows them to roll out advanced technology in PNG.

However they aren’t able to do this due to limited power and telecommunications.

“It’s frustrating. There are some quite amazing technology that we are working on at the moment that would be world leading in terms of what were able to do.