The kina is more than 20 per cent overvalued, according to Marcel Schroder, a lecturer in economics at the Development Policy Centre in the Australian National University (ANU), speaking to a joint University of Papua New Guinea/ANU event in Port Moresby. One option is to introduce a dual exchange rate for a limited time.
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Kina overvalued and one option is to have dual exchange rate, says economist
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5 Sep 2017 by 2 Comments
In brief: National Transmission Network ready by the end of 2017, and other business stories
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28 Jun 2017 by Leave a Comment
Broadband network to be completed by the end the year, Oil Search concludes five-year credit agreement and ADB approves funding Highlands Highway project. Your weekly digest of the latest business news.
In brief: Tolukuma to go into full production and other business news
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14 Jun 2017 by Leave a Comment
Gold mine to go into full production, royalties scrutiny and better access to basic infrastructure. Your weekly digest of the latest business news.
In Brief: Election campaign period to last eight weeks, and other business stories
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26 Apr 2017 by Leave a Comment
Electoral Commissioner says campaign period will last eight weeks, Ombudsman suspends release of development funds until after the election and cocoa production back to average levels before borer struck. Your weekly digest of the latest business news.
Commodity prices weak but precious metals up: a monthly review of commodity and financial markets
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26 Apr 2017 by Leave a Comment
It has been a bad month for most commodity prices, but not precious metals. The weakness in Liquefied Natural Gas (LNG) prices has continued, with the price falling sharply over the last month. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
In brief: Sir Michael Somare retires after 49 years in politics, and other business stories
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11 Apr 2017 by Leave a Comment
Founding Prime Minister retires, new US Embassy to be built, NRI questions land allocation for petroleum park. Your weekly digest of the latest business news. Papua New Guinea’s longest serving MP and first Prime Minister, Grand Chief Sir Michael Somare, has bowed out of politics after 49 years. The former Prime Minister said at an NBC Press Club interview […]
Word of mouth crucial to success in PNG, says Pronto Software GM
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14 Mar 2017 by 2 Comments
In Papua New Guinea you are ‘only as good as your last implementation’ says Steve Hillyard, General Manager in PNG for Pronto Software. He tells Business Advantage PNG that networking and creating positive ‘word of mouth’ are crucial for success in PNG’s ICT market.
Oil Search’s assets ‘highly profitable’ despite weak prices says MD
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7 Mar 2017 by Leave a Comment
Peter Botten, Managing Director of Oil Search tells Business Advantage PNG that the company’s Papua New Guinea assets are ‘highly profitable’ despite the low prices. He says the company is focusing on developing a five year plan for ensuring sustainability, managing exploration and working with the community.
Port Moresby’s remarkable dining boom
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6 Mar 2017 by 1 Comment
A boom in new restaurants is improving the quality and variety of dining options in Papua New Guinea’s capital, Port Moresby, as never before, observes Andrew Wilkins.
In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories
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1 Mar 2017 by Leave a Comment
BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.
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