Gas prices have surged over the last month, returning to the price level of a year ago. Oil prices are also up strongly over the month. Coffee prices have moved sideways, while cocoa prices have fallen and palm oil prices are slightly down. Business Advantage PNG’s monthly overview of Papua New Guinea’s commodities and financial markets.
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Gas makes a comeback: a monthly review of Papua New Guinea’s commodities and financial markets
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25 Oct 2016 by Leave a Comment
Papua New Guinea’s resources sector still has some ‘bright stars’, says Anderson
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19 Oct 2016 by Leave a Comment
Times are undoubtedly tough in Papua New Guinea’s mining and petroleum sector, but as the industry prepares for its biennial conference in Sydney in December, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG there are still ‘bright stars’ to get excited about.
In brief: Papua New Guinea government seeks K974 million loan from ADB and other business stories
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12 Oct 2016 by Leave a Comment
Papua New Guinea’s government is seeking K974 million from the Asian Development Bank, Australia to earn negligible royalties from its oil and gas assets, and Newcrest describes conditions as ‘tough’ in PNG. Your weekly digest of the latest business news.
Revealed: how industrial supplier Bishops has ridden out Papua New Guinea’s economic cycles
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12 Oct 2016 by 1 Comment
Reinvesting earnings and paying attention to the core customers has enabled engineering and industrial suppler Bishops to ride out the peaks and troughs of the Papua New Guinea economy. General Manager Len Pianta explains to Business Advantage PNG how the company has taken a long term view.
Opinion: Papua New Guinea through the lens of Australian newsprint media
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11 Oct 2016 by Leave a Comment
Australian National University researcher Anthony Swan explores how Australians’ perceptions of Papua New Guinea are influenced by the Australian media.
Five things we learned from the Bank of Papua New Guinea’s Economic Outlook
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29 Sep 2016 by Leave a Comment
Loi Bakani, Governor of the Bank of Papua New Guinea has presented his Economic Outlook. It contains a few surprises.
Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage
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26 Sep 2016 by 1 Comment
The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
Tributes for Sir Mick Curtain, ‘promoter of Papua New Guinea’s potential’
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21 Sep 2016 by 3 Comments
The late Sir Mick Curtain should be remembered for many of the infrastructure projects in Papua New Guinea that were undertaken over the last 50 years, according to Prime Minister, Peter O’Neill.
Demand for affordable housing sees price rises, according to Papua New Guinea property survey
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13 Sep 2016 by 3 Comments
Demand for residential houses among the growing urban population, especially in Port Moresby, has increased but the supply of quality and affordable houses has seen prices rise ‘exhorbitantly’, according to a new survey of the housing market by consultancy Niugini Land and Property.
What’s behind Papua New Guinea’s supplementary budget?
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31 Aug 2016 by 1 Comment
The Papua New Guinea government has released its Supplementary Budget to adjust to ‘tough’ economic conditions. It assumes lower economic growth, a weaker exchange rate and higher inflation.
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