The World Bank has released its latest half-yearly appraisal of Papua New Guinea’s economy. It confirms PNG’s economy contracted last year but predicts it will bounce back over the next three years, subject to some ‘rising uncertainties’.
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World Bank offers cautious appraisal of Papua New Guinea’s economy
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29 Jul 2019 by Leave a Comment
Opinion: Can Papua New Guinea become the richest black nation in the world in ten years?
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8 Jul 2019 by 4 Comments
Papua New Guinea’s new Prime Minister said shortly after his election that PNG could become the ‘richest black nation on Earth’ within 10 years. Can it be done? Economist Maholopa Laveil considers.
How the world’s media reported Papua New Guinea’s change of Prime Minister
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7 Jun 2019 by 3 Comments
For the first time since APEC 2018, the eyes of the world’s media have been on Papua New Guinea, this time reporting on the resignation of Peter O’Neill and the emergence of new Prime Minister, James Marape. Business Advantage PNG examines how the political transition was reported internationally.
Prime Minister Marape flags changes to Papua New Guinea’s resources laws
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5 Jun 2019 by Leave a Comment
Papua New Guinea’s new Prime Minister James Marape has given the first indications of the changes his government will be making to the country’s business environment.
In brief: Total expects new Papua New Guinea Government to honour gas agreement, and other business stories
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3 Jun 2019 by Leave a Comment
Total expects new PNG Government to honour gas agreement, SP Brewery signs a MoU to turn brewing waste into fertiliser and Air Niugini may take over one of Cathay Pacific’s routes. Your weekly digest of business news.
Exports booming but a mood of austerity, Bank of Papua New Guinea Quarterly Economic Bulletin suggests
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3 Jun 2019 by Leave a Comment
The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the December 2018 quarter. David James analyses the report and what it means for business.
Papua New Guinea’s Parliament elects James Marape as new Prime Minister
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30 May 2019 by 11 Comments
Papua New Guinea has a new Prime Minister, James Marape, but the ruling People’s National Congress-led Government appears to have survived.
Less than 5 per cent of Papua New Guinea businesses getting foreign exchange when they need it: poll
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29 May 2019 by Leave a Comment
As far as business is concerned, Papua New Guinea’s foreign exchange challenges are far from over. That’s according to an exclusive Business Advantage PNG poll, which indicates the majority of businesses are still experiencing significant delays in meeting their foreign currency needs.
How to deal with resource sector volatility in Papua New Guinea
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27 May 2019 by Leave a Comment
The World Bank has released a new report, which provides a bullish assessment on economic growth in Papua New Guinea. But it says the country’s dependence on natural resources is not generating sufficient jobs to absorb its growing population.
In Brief: Santos announces plan to buy into P’nyang natural field gas in Papua New Guinea and other business stories
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20 May 2019 by 1 Comment
Santos to become an stakeholder in the P’nyang natural gas field project, an agreement between five telecom companies seeks to advance digitisation in Papua New Guinea, and upgrades to the Muliama–to–Bakok road due to commence soon. Your weekly digest of business news.
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