Economy/Investment

Bank of Papua New Guinea revises down growth expectations

12 Oct 2020 by David James Leave a Comment

In his latest Monetary Policy Statement, the Governor of the Bank of Papua New Guinea, Loi Bakani, forecasts GDP will decline by four per cent in 2020 but rebound slightly next year. He also expressed concerns about changes to the Central Banking Act.
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The road ahead: Papua New Guinea’s GDP could rebound by 3.2 per cent next year says the World Bank

1 Oct 2020 by David James Leave a Comment

Two new World Bank reports outline the challenges facing Papua New Guinea in the wake of the COVID-19 economic shutdowns in the Asia-Pacific region.
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Money for reforms: ADB offers Papua New Guinea COVID assistance

23 Sep 2020 by David James Leave a Comment

The Asian Development Bank is looking to provide as much as US$800 million (K2.8 billion) in new funding to support Papua New Guinea’s budget, according to its Country Director, David Hill.
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Ready to sow: Papua New Guinea’s agriculture sector could rebound next year

21 Sep 2020 by David James 1 Comment

Papua New Guinea’s agriculture sector has been adversely affected by the impact of COVID-19. But according to a report by ANZ Research, exports of agricultural commodities may rebound sharply next year.
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Papua New Guinea introduces supplementary budget to address financial challenges

14 Sep 2020 by David James Leave a Comment

With Papua New Guinea's Mid-year Economic and Fiscal Outlook predicting government debt will rise to 55 per cent of GDP, its government has announced a supplementary budget to address numerous fiscal challenges. There are also moves for the central bank to print money to fund budget shortfalls.
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It’s time to devalue the kina, says Business Council

7 Sep 2020 by Business Advantage PNG 14 Comments

The Business Council of Papua New Guinea has present its latest macroeconomic outlook, which outlines the risks faced by PNG's economy and what business needs to recover from the COVID-19 downturn.
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LNG prices bounce back

31 Aug 2020 by David James Leave a Comment

LNG prices have surged clawing back earlier losses, while the oil price is steady and cocoa is also strong: Business Advantage PNG’s monthly overview of commodity and financial markets.
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Papua New Guinea’s budget challenges outlined in two new reports

19 Aug 2020 by David James Leave a Comment

Two new reports have outlined the revenue challenges being faced by Papua New Guinea's government in the face of the COVID-19 pandemic.
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Taxing time: Papua New Guinea needs to address ‘volatile revenue’, says ADB

5 Aug 2020 by David James Leave a Comment

Papua New Guinea has a ‘tax mobilisation challenge’ if it is to deal with the financial challenges resulting from the COVID-19 crisis, according to a new Asian Development Bank report.
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Sustainable Papua New Guinea: PM links progress to UN’s Sustainable Development Goals

27 Jul 2020 by Paul Chai Leave a Comment

COVID-19 may have impacted the progress of Papua New Guinea’s rollout of the UN’s Sustainable Development Goals, but Prime Minister James Marape has made it clear that sustainability and progress go hand in hand, and business must play a role.
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Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]

Economy/Investment

Bank of Papua New Guinea revises down growth expectations

The road ahead: Papua New Guinea’s GDP could rebound by 3.2 per cent next year says the World Bank

Money for reforms: ADB offers Papua New Guinea COVID assistance

Ready to sow: Papua New Guinea’s agriculture sector could rebound next year

Papua New Guinea introduces supplementary budget to address financial challenges

It’s time to devalue the kina, says Business Council

LNG prices bounce back

Papua New Guinea’s budget challenges outlined in two new reports

Taxing time: Papua New Guinea needs to address ‘volatile revenue’, says ADB

Sustainable Papua New Guinea: PM links progress to UN’s Sustainable Development Goals

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Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

Report from the 2024 Papua New Guinea Investment Conference

Australia’s new Pacific Engagement Visa an ‘opportunity’ for PNG businesses

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