Businesses in Papua New Guinea may be finding it hard to get foreign exchange, but credit quality within the domestic economy remains relatively healthy. Finance executives and analysts tell Business Advantage PNG that there has been only a slight deterioration of kina-denominated credit, despite the weak economy.
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Domestic credit in Papua New Guinea sound, say finance executives
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12 Jul 2017 by Leave a Comment
In brief: Total to build separate LNG pipeline, and other business stories
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11 Jul 2017 by Leave a Comment
Competition concerns prompt Total to build separate LNG pipeline, NICTA chief admits PNG has no cyber attack defence mechanisms, and BCL to step up community engagement. Your weekly digest of the latest business news.
Agriculture prices fall sharply: a monthly review of Papua New Guinea’s commodities and financial markets
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28 Jun 2017 by Leave a Comment
It has been a patchy month for energy prices and precious metals, while agricultural prices have been sharply weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
How Puma Energy services Papua New Guinea’s energy market
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27 Jun 2017 by 47 Comments
Since 2014, Puma Energy has been Papua New Guinea’s major refiner and retailer of petroleum products. Its also part of a global energy operation that spans 47 countries. Jim Collings, Country General Manager, explains some of the challenges of supplying a country which is still heavily reliant on diesel fuel.
Cooperation in resources sector improving Papua New Guinea’s international standing, says analyst
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27 Jun 2017 by 1 Comment
Cooperation amongst the energy majors in Papua New Guinea is leading to greater efficiency and higher international standing, according to industry leaders and analysts. What is happening in PNG appears in stark contrast to recent experiences in Australia’s LNG industry.
Queen’s Birthday Honours 2017 for Papua New Guinea
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21 Jun 2017 by Leave a Comment
Four new Knights are among 80 Papua New Guineans recognised in the 2017 Queen’s Birthday Honours Awards.
Five questions to economist Rohan Fox on Papua New Guinea’s exchange rates and APEC 2018
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13 Jun 2017 by 4 Comments
Papua New Guinea needs greater flexibility in the exchange rate, Rohan Fox, Lecturer and Research Fellow at the University of Papua New Guinea’s Division of Economics, explains to Business Advantage PNG. He believes APEC will be a boost to the economy but not enough to spark a general recovery.
CPL eyes expansion, but is waiting on Papua New Guinea’s economic recovery
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6 Jun 2017 by 2 Comments
Papua New Guinea’s largest retailer is still only servicing about 30 per cent of Papua New Guineans, according to Chairman of CPL Group, Mahesh Patel. While it has product and store expansion plans, Patel says CPL is waiting on a general economic recovery before moving forward.
Papua New Guinea economy stabilising, but financial stresses remain says Bank of PNG
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5 Jun 2017 by 1 Comment
The Papua New Guinea economy is gradually stabilising as it adjusts to the impact of the PNG LNG project, according to the Bank of PNG’s latest Monetary Policy Statement. Real economic growth is predicted to be 2.8 per cent, the kina has been steady, and the 2016 balance of payments was in surplus. But there are financial stresses, as David James reports.
PM O’Neill calls for greater intervention to strengthen Papua New Guinea industry
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17 May 2017 by 1 Comment
The Prime Minister Peter O’Neill has outlined a plan of greater government involvement in Papua New Guinea’s industrial development. In a speech to the Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby O’Neill described the need both to broaden the industry base and to move some industries up the value chain.
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