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Economy/Investment

Papua New Guinea’s economy set for medium term growth: IMF

20 Jul 2022 by 2 Comments
Papua New Guinea's economy has weathered the COVID pandemic well, according to the International Monetary Fund's latest Article IV assessment, completed last week. While the assessment paints an improved picture over the medium term, it flags some key reforms that PNG's government still needs to address. 
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Security & strategy: online payments to transform Internal Revenue Commission

31 May 2022 by 1 Comment
Papua New Guinea's Internal Revenue Commission (IRC) recently established an online payment portal, ‘myIRC,’ as part of its strategy to take the country's tax system online. Business Advantage PNG sits down with Commissioner General Sam Koim to see how it is going and discuss the IRC's long-term strategy.
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Latest Central Bank figures indicate Papua New Guinea’s economy is rebounding

11 May 2022 by Leave a Comment
Recently released data from Papua New Guinea's central bank indicates the country's economy bounced back significantly in the September 2021 quarter on the back of a massive increase in export receipts due to higher commodity prices. While private sector employment and sales also rose, the bank warns inflation is also on the march.
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Economic update: cautious optimism in Papua New Guinea as major projects take shape

19 Apr 2022 by Leave a Comment
With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country's business leaders about the year ahead.
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What are Papua New Guinea’s best-performing listed companies?

4 Apr 2022 by 1 Comment
With the reporting season for the 2021 financial year in Papua New Guinea over, which of Papua New Guinea's listed companies performed the best last year? Analysis from stockbroker JMP Securities tells us, and also gives us a unique view on how the market has performed over the past year.
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‘Thumbs up’: Santos to list on Papua New Guinea’s stock exchange

10 Dec 2021 by 5 Comments
Santos is listing on Papua New Guinea's stock exchange, the PNGX, after its merger with Oil Search received the necessary final approvals. It will immediately become the exchange's largest listing, providing PNG's capital markets with a timely boost.
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