Economy

Economy. The review of the press Papua New Guinea the Independent commission on protection of the rights of consumers and the competition (Independent Consumer and Competition Commission ICCC) Papua New Guinea (APG) reported that to it Kina Bank and Westpac addressed for consultation on sale Westpac assets to Oceania. ICCC received the oral obligation from the parties that they will undergo the corresponding procedures to get ICCC approval before end of the offered transaction. Purchase Kina Bank Westpac APG and Fiji will manage in the sum about 1,1 billion kina (US$310 million). Kina Bank brought initial 10% the deposit in a size...