Papua New Guinea has an improving current account, says Cameron Bagrie, New Zealand Chief Economist for the ANZ Bank. But he says if the financial imbalances are to be dealt with effectively, there needs to be a plan for fiscal consolidation and attention to small details at the microeconomic level.
Kina to continue to ease until 2018, putting pressure on foreign exchange, according to ANZ
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Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage
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The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
In brief: InterOil sale may raise competition issues and other business stories
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Competition Commission concerned about possible monopoly in gas sector, O’Neill to issue statement on government shareholding in BCL and ANZ Bank CEO says there may be a need for a Supplementary Budget. Your weekly digest of the latest business news.
People moves: K92 Mining, Kina Securities, ANZ Bank
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A new board at K92 Mining, Director re-elected at Kina Securities, new CFO at ANZ , Melbourne
People moves: ANZ Bank, PNG Government, MiBank, Newcrest, Melanesian Spearhead Group
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ANZ appoints Pacific Regional Executive, new Government Ministers, a new board member at MiBank, Newcrest appoints a new External General Manager and a new Director-General at the Melanesian Spearhead Group.
People moves: ANZ Bank, Santos
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ANZ Bank’s regional CEO to retire, senior management changes at Santos
People moves: Steamships, ANZ Bank
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Steamships’ Chairman retires, a new ANZ CEO for Cook Islands
Easing of rise in US dollar will offer respite to Pacific economies, says ANZ
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The current rise in the US dollar is likely to flatten in 2016, offering respite to Pacific curencies, according to ANZ economists, Glenn Maguire and Eugin Lee.
People moves: Stanley Petroleum, ANZ Bank
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Stanley Petroleum appoints first woman chair, senior management changes at ANZ Bank
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