The Bank of Papua New Guinea recently released its December 2015 Quarterly Economic Bulletin, which provides a snapshot of the nation’s economic and financial performance over 2015. Business Advantage PNG provides five key insights.
Search Results for: Papua LNG
Five things we learned from the Bank of Papua New Guinea’s latest bulletin
Welcome,
8 Jun 2016 by 2 Comments
Moody’s bullish on longer term future of Papua New Guinea economy
Welcome,
30 May 2016 by 3 Comments
Moody’s recently downgraded its sovereign rating on Papua New Guinea to B2 from B1. But Christian de Guzman, a Senior Analyst in the Sovereign Risk Group for Moody’s Singapore tells Business Advantage PNG that the agency is ‘quite confident’ about the overall economy’s prospects over the medium-term.
Papua New Guinea’s central bank ‘determined’ to get foreign currency in, says Bakani
Welcome,
18 May 2016 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, told this week’s Australia–Papua New Guinea Business Forum in Cairns that the bank is ‘determined’ to obtain more foreign currency ‘as soon as possible’ to address the backlog in foreign exchange demand. However, he criticised claims that PNG’s foreign exchange problem could be solved by allowing a free float of the kina, reports David James.
APEC to reveal tourism as Papua New Guinea’s ‘sleeping giant’
Welcome,
3 May 2016 by 5 Comments
The hosting of the APEC Summit in Port Moresby in 2018 has sparked a flurry of investment in tourism infrastructure. It promises to kick start the country’s tourism industry as the nation’s capital gets more hotel rooms, airports are upgraded and a new tourism minister takes the helm.
Forex exemptions granted to Papua New Guinea insurers
Welcome,
27 Apr 2016 by Leave a Comment
The Bank of PNG has granted exemptions to some PNG insurance companies from the tight foreign exchange restrictions, to enable the general insurers to meet their reinsurance commitments to international reinsurers.
Surging Japanese trade and Chinese investment to integrate Papua New Guinea into Asian region
Welcome,
27 Apr 2016 by 1 Comment
Papua New Guinea’s first LNG project has transformed the country’s exporting landscape, with Japan overtaking Australia as its number one trading partner. China will also become a major source of funds, taking over from Australia and global lending agencies. But don’t expect the broader bilateral relationships to change quickly.
In brief: Total SA to start construction of LNG plant in 2018 and other business stories
Welcome,
20 Apr 2016 by Leave a Comment
Total SA Chairman says company is planning to commence construction of LNG plant in 2018, Ramu NiCo ordered to stop operating nickel mine and Harmony Gold reports ‘continuing exploration success.’ Your weekly digest of the latest business news. The Chairman and Chief Executive Officer of oil and gas company Total SA, Patrick Pouyanné, says the company is planning to […]
The PNG 100 CEO Survey 2016: Papua New Guinea’s chief executives cautiously optimistic
Welcome,
20 Apr 2016 by 1 Comment
Business Advantage International’s PNG 100 CEO Survey of chief executives of Papua New Guinea’s biggest corporations has found that many business leaders struggled to meet their expectations for profits in 2015. Only 4 per cent exceeded what they expected. But despite the tough times last year, the mood is cautiously optimistic.
Papua New Guinea’s economy under pressure but fighting back
Welcome,
12 Apr 2016 by Leave a Comment
Global and domestic factors have combined to slow Papua New Guinea’s economy. However, as Andrew Wilkins discovers, the Pacific nation’s business leaders are still confident about its future prospects.
Papua New Guinea kina set to fall further, say analysts
Welcome,
6 Apr 2016 by 2 Comments
Papua New Guinea’s currency, the kina, has fallen over the last year; many are predicting it will go lower. Business Advantage PNG talks exclusively to two analysts about where the currency is headed and how it will affect business conditions.
USD 0.2553
AUD 0.3713
GBP 0.1908
EUR 0.2288
NZD 0.4052
JPY 37.35
SGD 0.3283
Recent readers’ comments