Government ministers and influential economic analysts have welcomed the recent fall in the value of the kina, saying it will boost demand for exports.
Search Results for: Papua LNG
Government, economists see positives in falling kina for Papua New Guinea
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21 Nov 2013 by Leave a Comment
InterOil announcement on Elk Antelope LNG project ‘very, very close’
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13 Nov 2013 by
Interoil expects to announce a ‘major transformational deal’ by the end of 2013 to develop the Papua New Guinea’s second LNG plant, according to recently appointed CEO Michael Hession.
Interview: Eoin Blackwell, AAP’s last correspondent to Papua New Guinea
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13 Nov 2013 by Leave a Comment
After nearly years, the Australian Associated Press news agency has closed its Papua New Guinea office. We asked AAP’s departing correspondent to reflect on his two-year tour of duty.
In brief: Bank of Papua New Guinea governor not worried by kina’s fall and other stories
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12 Nov 2013 by Leave a Comment
Bank governor unfazed by kina fall, O’Neill welcomes Chinese investment, Morauta says deportation indicates climate of fear, and other local and regional stories.
Standard & Poor’s maintains Papua New Guinea rating – with warnings
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7 Nov 2013 by
Standard & Poor’s ratings agency has maintained its year-long rating of Papua New Guinea’s economy as stable, but has some concerns.
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.
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