Despite much that is good in the 2015 Budget, the Papua New Guinea government’s medium-term fiscal plans are a concern, writes Paul Flanagan, former senior executive in the Australian Treasury, and advisor to the PNG Treasury from 2011 to 2013.
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Papua New Guinea 2015 Budget analysis: dealing with debt and deficits
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3 Dec 2014 by Leave a Comment
In brief: 25 billion kina of mining investment in Papua New Guinea and other business stories
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3 Dec 2014 by
Over 25 billion kina of mining investments over next decade expected, and New Britain Palm Oil hit by kina’s value. Your weekly digest of the latest business news.
Five things we took home from the Papua New Guinea Mining and Petroleum Investment Conference
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3 Dec 2014 by Leave a Comment
In spite of the recent worldwide slump in commodity prices, numbers were strong at this week’s 13th Papua New Guinea Mining and Petroleum Investment Conference in Sydney. Business Advantage PNG examines why.
Arbitration to determine future of Papua New Guinea’s second gas project
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26 Nov 2014 by Leave a Comment
Arbitration talks due to take place in London at the end of this month could have a major influence on the future development of Papua New Guinea’s oil and gas industry.
Record Budget and higher deficit feature in 2015 Papua New Guinea Budget forecasts
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19 Nov 2014 by 5 Comments
The Papua New Guinea Treasurer Patrick Pruaitch has presented a record K16 billion national budget for 2015, but with an increased deficit of K2.272 billion.
Papua New Guinea mining and petroleum conference to focus on global mining downturn
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19 Nov 2014 by
Next month’s Mining and Petroleum Investment Conference in Sydney will take a critical look at how the industry can build on recent successful ventures in Papua New Guinea, as it deals with the global downturn.
ICT industry shake-up continues in Papua New Guinea with complementary merger
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12 Nov 2014 by Leave a Comment
Allcom PNG and mcr PNG have become the latest technology services companies in Papua New Guinea to consolidate after announcing a merger that will see the enlarged entity realise a number of operational synergies. Business Advantage PNG talks to Luke Byer, Managing Director of the new entity.
Opinion: Using the central bank to finance Papua New Guinea’s deficit is a ‘slippery slope’
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29 Oct 2014 by 3 Comments
The Papua New Guinea economy is on the edge of a ‘slippery slope’, if the Bank of PNG finances government debt and continues to fix the exchange rate at too high a rate. Former Australian Treasury advisor Paul Flanagan says compounding the problems are rising inflation, falling foreign exchange reserves, and declining private sector credit growth.
Cott Oil and Gas focuses on Pandora gas field’s potential for floating LNG
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29 Oct 2014 by
Cott Oil and Gas Ltd has undergone a restructure to allow the company to focus on developing what could be Papua New Guinea’s first floating liquefied natural gas (FLNG) project – at the Pandora gas field in the Gulf of Papua. Cott’s Managing Director Andrew Dimsey outlines the company’s plans to Business Advantage PNG.
The next wave of investment opportunities in Papua New Guinea
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9 Oct 2014 by 1 Comment
The successful completion of the PNG LNG project has turned the focus onto where new investment opportunities lie. Senior representatives from the IFC, Austrade and Nambawan Super got together at the recent Papua New Guinea Advantage Investment Summit to share their thoughts.
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