The Asian Development Bank’s departing Papua New Guinea economist, Aaron Batten, says agriculture is the big winner with the current downturn in commodity prices, while its Country Director Marcelo Minc flags further bank investment in PNG.
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Papua New Guinea agriculture benefitting from lower commodity prices, says Asian Development Bank economist
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8 Apr 2015 by Leave a Comment
Bank of Papua New Guinea Governor justifies moves on kina; warns of deficit challenge
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1 Apr 2015 by Leave a Comment
The Governor of the Bank of Papua New Guinea says his recent directives on dealing in the kina are not meant to frighten or scare the market, but to help address the imbalance in the foreign exchange market and restore order.
Papua New Guinea Business Council members concerned at lack of foreign currency
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24 Mar 2015 by 1 Comment
The President of the Australia–Papua New Guinea Business Council says his members have expressed concern to Prime Minister they are unable to source enough foreign currency.
CPL Group’s next phase of retail growth in Papua New Guinea
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12 Mar 2015 by 6 Comments
Papua New Guinea’s largest retailer, the CPL Group, does not plan on allowing a slowdown in the marketplace get in the way of its strategy for growth, Chairman Mahesh Patel tells Business Advantage PNG.
Opinion: How Papua New Guinea can lessen the impact of falling energy prices
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11 Mar 2015 by Leave a Comment
Progress in fostering economic and social development is threatened by the recent drop in global energy prices. Paul Barker provides practical ways to minimise the impact of the downturn.
Accountability the key to success of Papua New Guinea’s Sovereign Wealth Fund
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25 Feb 2015 by Leave a Comment
Papua New Guinea’s Parliament is likely to approve establishing the long-awaited Sovereign Wealth Fund by June, after unanimously voting for its enactment at its first reading last week.
In brief: PNG LNG project reaches ‘financial completion’, and other business stories
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11 Feb 2015 by Leave a Comment
PNG LNG project satisfies financial agreements, PNG Ports profits double, and Indochine Mining raises funds. Your weekly digest of the latest business news.
InterOil win clears way for Total’s participation in Papua New Guinea’s Elk/Antelope gas project
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11 Feb 2015 by 4 Comments
The International Court of Arbitration of the International Chamber of Commerce yesterday dismissed Oil Search’s claims over 40% of the Elk-Antelope gas field in Papua New Guinea’s Gulf Province.
What we’ve learned in Papua New Guinea: ExxonMobil’s departing MD reflects
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27 Jan 2015 by 3 Comments
With construction and first shipment of gas completed ahead of time, the giant ExxonMobil-led PNG LNG project has proven Papua New Guinea is a viable place to carry out major resources projects. In this exclusive valedictory interview with Business Advantage PNG, outgoing ExxonMobil PNG Managing Director Peter Graham reflects on the lessons learned.
In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories
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21 Jan 2015 by
PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.
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