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Economy/Investment

Releasing customary land for housing essential as state land runs out, says NRI

20 Feb 2018 by 3 Comments
House prices still remain out of reach for most Port Moresby residents, according to a report by the National Research Institute. It says that changing the approach to customary land has become necessary because state land is running out.
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BSP CEO says forex issues will continue but medium term looks positive

30 Jan 2018 by 1 Comment
Foreign exchange issues will continue in the short term according to Robin Fleming, Chief Executive of Bank South Pacific [BSP]. But he tells Business Advantage PNG that there are better longer-term prospects and that Papua New Guinea’s biggest bank is thriving in a challenging economic environment.
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What can Papua New Guinea business look forward to in 2018?

17 Jan 2018 by Leave a Comment
As Papua New Guinea business gets back to work, Business Advantage PNG's Andrew Wilkins looks at some of the issues coming up in 2018. With APEC coming to Port Moresby and a second LNG project in the offing, this is a year when PNG is going to be the subject of international attention.
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IMF report says Papua New Guinea Government taking initiative but challenges remain considerable

16 Jan 2018 by Leave a Comment
A report on the state of the Papua New Guinea economy by the International Monetary Fund (IMF) says the Government has taken some ‘bold steps’ in its economic management. But it contends that the challenges are considerable and would be best managed with an 'active' approach to macroeconomic management.
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APEC planning on track says CEO

12 Dec 2017 by Leave a Comment
Chris Hawkins, Chief Executive Officer of the APEC PNG Co-ordination Authority believes sceptics about Papua New Guinea’s ability to host APEC will be proven wrong. The policy areas that will be emphasized are improving connectivity, creating sustainable and inclusive growth, and implementing structural reform.
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