The Pacific’s tourist sector has been resilient to the falling Australia and New Zealand dollars, according to the July ANZ Bank Pacific Monthly update.
The impact of a declining Papua New Guinea currency
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19 Jun 2013 by
Papua New Guinea’s currency, the kina, has lost around eight percent of its value against the US dollar over the past 12 months. What does this mean for business?
The end of Papua New Guinea’s mining boom? Five key questions answered
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1 May 2013 by Leave a Comment
This month, global gold, copper and silver prices hit lows not seen for over two years, causing commentators around the world to suggest that the global mining boom, driven largely by demand from China, is over. How could this effect Papua New Guinea?
Economic update: our annual snapshot of Papua New Guinea’s economy
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16 Apr 2013 by
Papua New Guinea enters 2013 with a new government in place, a major gas project nearing completion and some ambitious development goals, reports Business Advantage PNG’s Andrew Wilkins.
People Moves: ANZ/Vanguard
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19 Mar 2013 by
Geoffrey Buchanan has been appointed ANZ’s new Chief Executive Officer for the Solomon Islands. Vanguard International has appointed Peter Garnsey as Executive Director in charge of its labour hire/contractor division.
Mongolia: the (other) land of the unexpected
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19 Mar 2013 by
A small nation with vast reserves of natural resources… sustained and stellar GDP growth despite a challenging operating environment… tension between foreign investors and those in the local population who believe their birthright is being sold off too cheaply… a copper and gold mine large enough to contribute a third of the nation’s GDP.
People moves: New Australia Pacific Secretary/ANZ international head departs
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3 Apr 2013 by
Australia gets a new Parliamentary Secretary for the Pacific while ANZ loses its head of international banking.
Papua New Guinea Government sets challenge for business
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21 Feb 2013 by Leave a Comment
POMCCI’s Chief Executive David Conn identifies the key messages for the local business community from recent speeches from Peter O’Neill & ANZ’s Mike Smith
Around the world: sorcery killings/ANZ CEO/Westpac in Asia/BHP
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12 Feb 2013 by Leave a Comment
Sorcery killing The killing of a young woman accused of witchcraft has brought PNG to the attention of the international media for the wrong reasons in the past week, with the United Nations and Amnesty International speaking out on the issue. Writing in The Australian (9 Feb) Rowan Callick compared the case to the widely-publicised […]
How will PNG’s and the Pacific’s economy fare in 2013?
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29 Jan 2013 by
Business Advantage PNG spoke with the region’s three most senior bankers to get their thoughts on the year ahead. ‘There will be some slowness in the year ahead based on global economic factors, but on the whole I’m reasonably positive,’ says ANZ’s CEO Pacific, Vishnu Mohan (pictured below). ‘I think the good news for the […]
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