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Economy/Investment

LNG prices have surged but oil prices move sideways: a monthly review of Papua New Guinea’s commodity and financial markets

28 Aug 2018 by Leave a Comment
LNG prices have jumped sharply and the cocoa price has been volatile. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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Super fund executives outline their investment strategies

28 Aug 2018 by Leave a Comment
How do Papua New Guinea’s two largest super funds, Nambawan Super and NASFUND, make investment decisions on behalf of their members? Two senior executives provide their investment guidelines, which have led both funds to perform well in difficult economic conditions.
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MYEFO report says Government wants to bring forward sovereign bond raising to solve forex shortages

28 Aug 2018 by 1 Comment
The Government’s Mid-year Economic and Fiscal Outlook (MYEFO) statement has indicated that it is in the ‘advanced stages’ of negotiating the country’s first sovereign bond later this year. The strategy is being adopted to solve the nation’s foreign exchange shortages, but it does carry risks.
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Companies investing locally this year but will switch to starting up new operations next year, according to round table

21 Aug 2018 by Leave a Comment
Companies are reducing the size of the businesses, now using excess capital to acquire domestically but may be switching to starting up operations next year. They were some of the observations in a round table discussion on Papua New Guinea’s investment environment at the Business Advantage Invest Forum in Brisbane.
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Public holidays declared in Port Moresby due to APEC summit, says CEO

14 Aug 2018 by 2 Comments
The two days before the APEC Leaders meeting have been declared national holidays in the National Capital District in Port Moresby, according to Chris Hawkins, the Chief Executive Officer of APEC Papua New Guinea. He told an APEC summit briefing that Papua New Guinea has advantages when it comes to hosting the big event.
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Moving from aid to trade: successful mentoring and investment projects in Vanuatu and Samoa expanding into Papua New Guinea

8 Aug 2018 by 1 Comment
After the successful launches of sustainable small businesses in Vanuatu and Samoa, a donor-funded private sector initiative is preparing to expand into Papua New Guinea.  Anna Moegerlein from Melbourne’s The Difference Incubator explains the initiative to Business Advantage PNG.
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Higher commodity prices are boosting Papua New Guinea’s economy, says ADB economist

8 Aug 2018 by Leave a Comment
The Papua New Guinea economy is set to grow steadily, according to Edward Faber, Country Economist for the Asian Development Bank (ADB). He told the Business Advantage PNG Investment Conference in Brisbane that the fate of the economy heavily depends on export prices.
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Prime Minister gives upbeat take on Papua New Guinea’s economy

7 Aug 2018 by 1 Comment
The Prime Minister, Peter O’Neill, speaking at Business Advantage
 Papua New Guinea Investment Conference in Brisbane, said the mid-year assessment of the economy was better than anticipated. He said the growing investment interest in the Pacific from China, Australia and the United States is ‘healthy’.
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Prime Minister O’Neill leads stellar line-up for next week’s investment conference in Brisbane

1 Aug 2018 by 2 Comments
All eyes will be on Brisbane August 6 and 7, when Papua New Guinea presents its investment credentials to an audience of domestic and international investors. We preview the 2018 Business Advantage Papua New Guinea Investment Conference.
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