Oil prices are rising and silver is also strengthening. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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Oil prices and silver are up: a monthly review of Papua New Guinea’s commodity and financial markets
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24 Apr 2018 by Leave a Comment
In brief: LNG production resumes earlier than expected, and other business stories
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18 Apr 2018 by Leave a Comment
Production resumes at the LNG plant as more reserves found, BHP Billiton to be sued over alleged environmental damage, and talks with China over a free trade agreement. Your weekly digest of the latest business news.
Transparency Initiative report calls for improved systems in extractive sector in Papua New Guinea
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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.
In brief: Gas from PNG LNG plant to feed the Port Moresby grid in early 2019, and other business stories
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4 Apr 2018 by Leave a Comment
New Port Moresby power plant to be online during early 2019, US equity firm bids A$13.5 billion for Santos, and PNG Post keen to diversify. Your weekly digest of the latest business news.
Central bank Governor calls for plan to make Papua New Guinea self-sufficient in food
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3 Apr 2018 by 6 Comments
The Governor of the Bank of Papua New Guinea has called for a national plan to make the country self-sufficient in food production, with capacity for export. Loi Bakani outlined his proposal at last month’s National Planning Consultative Summit in Lae.
Papua New Guinea Earthquake Update: relief efforts continue as Restoration Authority established
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28 Mar 2018 by Leave a Comment
The Papua New Guinea government has set up a new authority to oversee the restoration of services and infrastructure, following the February 26 earthquake. As humanitarian relief work continues, analysts expect GDP to fall slightly.
Economic update: major projects will be crucial for Papua New Guinea’s economy
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13 Mar 2018 by Leave a Comment
The fate of some major projects will be critical for the future of the Papua New Guinea economy over the next decade. In the second of a two-part series, Andrew Wilkins discusses the implications.
Earthquake to have ‘huge impact’ on Papua New Guinea economy, says Prime Minister
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7 Mar 2018 by Leave a Comment
Last month’s earthquake in Papua New Guinea will have a ‘huge impact’ on the economy, says Prime Minister Peter O’Neill. The death toll is rising, the extent of the destruction and disruption to services and businesses is still being assessed, and the damage to the PNG LNG project is expected to affect government revenues.
In brief: Quake damage in LNG and Ok Tedi mining areas, and other business stories
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28 Feb 2018 by Leave a Comment
ExxonMobil, Oil Search close LNG production facilites after quake, analysts expect kina to fall ‘over the near-term’, and agreement being finalised to allow Philippines farmers to grow rice in PNG. Your weekly digest of the latest business news.
Economic update: slow but steady resurgence in the Papua New Guinea economy
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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.
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