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Economy/Investment

Five questions for: Papua New Guinea’s Ambassador to APEC, Ivan Pomaleu

7 Nov 2018 by 1 Comment
APEC’s 21 Leaders gather in Port Moresby next week, the culmination of 10 months of officials' meetings. Papua New Guinea’s APEC Ambassador, Ivan Pomaleu, tells Business Advantage PNG that making APEC useful for the country will require a long-term commitment.
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Economic integration not exploitation, says Papua New Guinea’s Treasurer

30 Oct 2018 by 1 Comment
Papua New Guinea’s Treasurer Charles Abel says Papua New Guinea needs to take a staged approach to integration with the global economy in order to avoid being taken advantage of. Speaking at an APEC discussion forum at the University of PNG, he said recent experience suggests the nation’s foreign exchange markets may be too open.
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IFC to issue Papua New Guinea’s first AAA-rated domestic bond to deepen financial markets

23 Oct 2018 by Leave a Comment
Following the successful launch of Papua New Guinea's first sovereign bond, the International Finance Corporation is intending to issue a AAA bond as part of its efforts to deepen the financial markets in Papua New Guinea. John Vivian, IFC’s Resident Representative for Papua New Guinea, tells Business Advantage PNG that it can also assist corporate funding.
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Sovereign bond an ‘important milestone’ for Papua New Guinea that should affect interest rates, says BSP’s Fleming

9 Oct 2018 by Leave a Comment
The US$500 million sovereign bond raising will improve foreign exchange cash flows, according to Robin Fleming, Chief Executive of Bank South Pacific. He tells Business Advantage PNG that it represents an 'important milestone' for Papua New Guinea's financial system.
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Will Papua New Guinea’s successful sovereign bond issue improve the foreign exchange situation for business?

2 Oct 2018 by Leave a Comment
The success of Papua New Guinea’s first US$500 million bond issue will depend on the government’s spending focus, according to Paul Barker, Director of PNG’s economics research think tank, the Institute of National Affairs. He tells Business Advantage PNG that the private sector has to get access to foreign exchange because of extended delays.
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Papua New Guinea PM O’Neill looks for lasting policy legacy from APEC

2 Oct 2018 by Leave a Comment
In the second half of his exclusive conversation with Business Advantage PNG's Andrew Wilkins, the Prime Minister Peter O'Neill says the policies developed at the APEC Leaders meeting will have a lasting impact on the country. He says APEC marks a unique opportunity to market PNG as an investment destination.
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ADB’s Papua New Guinea head reveals more details of the Highlands Highway upgrade

19 Sep 2018 by 1 Comment
The Asian Development Bank will start redeveloping the entire Highlands Highway simultaneously rather than doing it in sections, according to David Hill, Country Director for the ADB. He outlined the ADB's focus on improving both physical and digital connectivity in Papua New Guinea.
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