Standard & Poor’s ratings agency has maintained its year-long rating of Papua New Guinea’s economy as stable, but has some concerns.
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Employment agencies optimistic about job outlook in Papua New Guinea
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30 Oct 2013 by Leave a Comment
Recruitment agencies servicing Papua New Guinea say the employment of expatriates has fallen over the past year. However, as our survey of the sector suggests, there is optimism about all employment in 2014, as new ventures come on stream to replace the giant PNG LNG project.
Retail and manufacturing sales down in Papua New Guinea
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2 Oct 2013 by Leave a Comment
Papua New Guinea’s retailers and manufacturers alike reporting significant drops in revenue this year. How serious is the downturn?
Papua New Guinea kina’s sharp fall in value
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2 Oct 2013 by 2 Comments
The sharp fall of Papua New Guinea’s currency, the kina, over the past few months is a cause for concern, with Manufacturers Council of PNG CEO Chey Scovell describing it as a ‘real kick in the guts’ for local manufacturers.
Papua New Guinea Sovereign Wealth Fund coming in a nick of time
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25 Sep 2013 by
With Papua New Guinea’s Sovereign Wealth Fund (SWF) due to receive its first revenues next year, the Governor of the country’s central bank has given his approval. Meanwhile, the International Monetary Fund has sounded a note of caution.
Progress on Papua New Guinea’s national broadband network
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12 Sep 2013 by
Construction of Papua New Guinea’s national broadband network is progressing, with major milestones set be reached by mid 2015, according to technology consultant Sundar Ramamurthy, who is assisting the PNG government’s Independent Public Business Corporation on the project.
Five things we learned from Papua New Guinea Advantage 2013
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12 Sep 2013 by
The annual Papua New Guinea Advantage investment summit was held this week in Port Moresby. After two days of discussions, presentations, speeches, dinners and question-and-answer sessions, here are five observations.
PM to open Papua New Guinea investment summit
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4 Sep 2013 by
Papua New Guinea’s Prime Minister Peter O’Neill will open the country’s annual investment conference in Port Moresby next Monday.
Papua New Guinea mid-year budget outlook: What do analysts think?
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7 Aug 2013 by Leave a Comment
Papua New Guinea’s Treasurer Don Polye gave a comprehensive update on the nation’s economic outlook last week. We asked analysts for their reaction.
Wood Group PSN wins PNG LNG contract
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31 Jul 2013 by
The international energy services company, Wood Group PSN, has won a contract with Esso Highlands to provide construction and maintenance to services to the Hides gas plant in Papua New Guinea’s Highlands and the new PNG LNG plant near Port Moresby.
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