Home  »  Sections  »  Economy/Investment

Economy/Investment

Transparency Initiative report calls for improved systems in extractive sector in Papua New Guinea

4 Apr 2018 by Leave a Comment
The Extractive Industries Transparency Initiative Report for 2016 has found that improvements are being made to registry and payment systems, but more needs to be done. It notes that budgeting to government revenues remains difficult because of the industry’s volatility and the relatively small number of companies paying full tax.
Read More

Moody’s puts a negative rating on Papua New Guinea’s sovereign debt

3 Apr 2018 by Leave a Comment
The ratings agency Moody’s has affirmed Papua New Guinea’s B2 rating, but downgraded it from ‘negative from stable’, citing higher government liquidity risks, increased gross borrowing requirements and limited funding sources. It points to a growing reliance on short-term debt.
Read More
advertisment...

Bank of Papua New Guinea’s quarterly report indicates economy patchy

6 Mar 2018 by Leave a Comment
The Bank of Papua New Guinea’s latest Quarterly Economic Bulletin points to a ‘slight improvement’ in economic activity in the September quarter driven by higher government expenditure and a marginal increase in private sector lending. It records an improvement in exports and commodity prices and a slowing in the increase of inflation, but lower employment levels.
Read More

Economic update: slow but steady resurgence in the Papua New Guinea economy

27 Feb 2018 by 1 Comment
Papua New Guinea is getting its house in order as it anticipates a period of stronger economic growth, driven in part by significant new investment in mineral production and infrastructure. In the first of a two-part series, Andrew Wilkins discusses its economy with business leaders and assesses where it is most likely to head.
Read More

Papua New Guinea’s APEC Ambassador and ABAC chair confident of successful summit

26 Feb 2018 by Leave a Comment
Papua New Guinea's APEC year has started, with the first Senior Officials Meeting now under way in Port Moresby. Recent experience shows the year will be successful, according to the country’s APEC Ambassador, Ivan Pomaleu. David Toua, chair of the APEC Business Advisory Council (ABAC) says it is necessary to support globalisation.
Read More
« Previous Page
Next Page »