A new ring road being built ahead of the 2018 APEC summit, diplomats warned and other local and international stories.
Kina continues to fall after Christmas rally
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30 Apr 2014 by Leave a Comment
PNG’s kina has continued to fall against its major trading currencies, and is now at levels below those of September 2013, following a brief rally in late 2013 and early 2014.
In brief: Emergency declared in Porgera over illegal mining and other business stories
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30 Apr 2014 by Leave a Comment
A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.
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.
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.
In brief: O’Neill defends loan, call to boost police/military, Abbott in PNG
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20 Mar 2014 by Leave a Comment
O’Neill defends loan to buy into Oil Search, economy vulnerable unless security boosted, Manus Detention Centre focus of Abbott/O’Neill talks. Your weekly digest of the latest business news.
In brief: PM takes over Treasurer’s role, first LNG shipments ahead of schedule and Ok Tedi Mining profits plunge
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12 Mar 2014 by Leave a Comment
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
ANZ revises PNG’s growth forecast upwards
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21 Aug 2013 by
While reduced global commodity prices are having a major impact on Papua New Guinea government revenues this year, there are ‘incipient signs of a turnaround’, according to data published in the latest ANZ Pacific Quarterly, released this week.
In brief: new Petroleum Minister, Oil Search bond buyback and other stories
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26 Feb 2014 by Leave a Comment
PNG’s new Petroleum Minister, officials in Abu Dhabi to negotiate Oil Search bond buyback, and the cost of Manus Detention Centre detailed. Your weekly digest of the latest business news.
Solomons’ banks close foreign logging company accounts
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15 Aug 2013 by 1 Comment
Commercial banks in the Solomon Islands have closed down several logging company bank accounts, in a move that will make it almost impossible for those companies to receive export proceeds.
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