The global economic meltdown that has been triggered by the COVID-19 virus outbreak has hit Papua New Guinea hard. What are the implications for the country’s business and financial sectors?
Stimulate or stagnate: steering Papua New Guinea’s economy through the COVID-19 crisis
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30 Mar 2020 by 2 Comments
Oil collapses, copper and cocoa also down: a monthly review of Papua New Guinea’s commodities and financial markets
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30 Mar 2020 by Leave a Comment
The oil price has cratered and LNG prices have also been weak. Copper is down sharply and the cocoa price is also off sharply. Business Advantage PNG’s monthly overview of commodity and financial markets.
More investment for farmers in Papua New Guinea’s Highlands region
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25 Mar 2020 by 1 Comment
The World Bank and the International Finance Corporation are looking to step up investments in the Highlands. Michel Kerf, the World Bank’s Country Director for PNG and the Pacific Islands, describes to Business Advantage PNG the challenges and opportunities for the region.
How Papua New Guinea’s informal and local economy can get through the COVID-19 crisis
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23 Mar 2020 by Leave a Comment
The economic fallout from the coronavirus (COVID-19) is creating havoc across world markets and economies. According to the ratings agency Fitch, Papua New Guinea’s formal economy will be affected, but the story could be different for its informal and local economy.
How Papua New Guinea is faring in the global financial maelstrom
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18 Mar 2020 by Leave a Comment
The rapid spread of the coronavirus COVID-19 has disrupted global economic activity and led to a fall in financial markets. But the story is very different for big companies in Papua New Guinea, although there will be some adverse impacts, especially in the oil and gas sector.
Ratings agency reveals how Papua New Guinea will manage its debt
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16 Mar 2020 by Leave a Comment
Papua New Guinea’s Government is set to rely heavily on concessional finance from multilateral institutions, according to ratings agency Moody’s. The agency is maintaining a B2 rating for PNG debt but has some surprising revelations about the country’s finances.
What the oil price shock means for Papua New Guinea
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11 Mar 2020 by Leave a Comment
Analysts have contrasting views on the effect of the oil price war between Russia and Saudi Arabia on long-term oil and gas projects in Papua New Guinea. David James considers these, and the likely impact on domestic petrol and diesel prices.
How to be a ‘culture first’ Papua New Guinean company
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2 Mar 2020 by Leave a Comment
Developing an approach to business that keeps workers enthusiastic and engaged is more important than ever. So how can Papua New Guinean companies achieve this?
Starting up: top tips for new SMEs
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19 Feb 2020 by Leave a Comment
The 2020 Budget outlined an ambition to migrate half of Papua New Guinea’s population to some form of formal business by 2030. So what is required to start your own business?
LNG’s role in Papua New Guinea’s foreign exchange challenges
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17 Feb 2020 by Leave a Comment
The lack of foreign exchange is having a deep impact on Papua New Guinea’s financial system. A new World Bank report shows that mining is the biggest generator of foreign exchange in PNG, but what about LNG projects?
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