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.
In brief: competition concerns over Oil Search, Bougainville mine and a review of bank charges
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19 Feb 2014 by Leave a Comment
Competition concerns over Elk-Antelope share holdings, ABG keen to re-open Panguna and Treasurer orders bank charges review. Your weekly digest of the week’s business news.
Opinion: Sovereign Wealth Fund key to the fall or rise of the kina
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12 Feb 2014 by 1 Comment
The ANZ Bank last month predicted the kina will fall by up to 10% in value by the end of 2014, in anticipation of income from the LNG project. Paul Barker from the Institute of National Affairs, looks ahead several years to when that income begins to have ‘a substantial impact’.
People moves: NBPOL, InterOil and other senior appointments
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29 Jan 2014 by
A new, independent director at New Britain Palm Oil, two new executives at InterOil, and other appointments.
Papua New Guinea currency may fall another 10 per cent: ANZ
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28 Jan 2014 by Leave a Comment
The value of the Papua New Guinea’s currency, the kina, is expected to fall as much as ten per cent over the coming year, after stabilising for the last two months, according to Lead Pacific Economist at ANZ Bank, Daniel Wilson.
Memoir: Exporting along the Kokoda Trail
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25 Jul 2013 by
Three years ago, ‘Airport Economist’ Tim Harcourt came to Papua New Guinea to see how it was coping after the global financial crisis. In this excerpt from his forthcoming book, Trading Places – The Airport Economist’s Guide to International Business, he reflects on what he found.
Pacific tourism resilient, despite falling Aus/NZ dollars
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17 Jul 2013 by
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.
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