Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy.
Opinion: falling LNG revenues require a new strategy for the Papua New Guinea economy
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15 Apr 2015 by 2 Comments
The fall in global oil and gas prices will reduce the Papua New Guinea government’s revenue by at least K1.1 billion in 2016. A new Budget strategy is needed, argue economists Stephen Howe and Paul Flanagan, who suggest a solution may lie in the government selling its Oil Search shares.
Liquidity a major source of risk for Papua New Guinea businesses, says ANZ report
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8 Apr 2015 by Leave a Comment
Liquidity conditions have emerged as a major source of risk for the PNG economy, as the central bank governor reveals he spent US$570.9 million (K1.48 billion) to support the kina last year.
In brief: relocation of Port Moresby Port to Motukea Island site backed by review, and other business stories
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8 Apr 2015 by
Motukea Island a ‘suitable site’ for Port relocation, majority of Papua New Guinea SMEs in retail, and PNG first Pacific nation to join alliance. Your weekly digest of the latest business news.
In brief: Low inflows of foreign currency affecting Papua New Guinea businesses, and other business stories
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25 Mar 2015 by Leave a Comment
PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.
InterOil chief positive about Papua New Guinea’s role as LNG provider, despite oil prices fall
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25 Feb 2015 by 1 Comment
Papua New Guinea is well positioned to benefit from rising LNG demand, despite falling prices, says InterOil Managing Director, Michael Hession.
In brief: Oil Search adapts to changing market conditions, and other business stories
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25 Feb 2015 by Leave a Comment
LNG focus for Oil Search, ANZ warns on debt risk, and Barrick plans to offload Porgera mine. Your weekly digest of the latest business news.
China and India’s growing business links with Papua New Guinea and the Pacific
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26 Nov 2014 by 1 Comment
Pacific leaders have been the recipients of largesse from India’s Prime Minister and China’s President, who met in Fiji last week. Meanwhile, a new ANZ report details the increasingly close links between China’s aid and its investment in the Pacific.
People moves: Westpac, ANZ
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19 Nov 2014 by
Westpac CEO to retire, New CEO for ANZ in Vanuatu
In brief: Secrecy over proposed Sovereign Wealth Fund criticised, and other business stories
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22 Oct 2014 by
Failure to set up the Sovereign Wealth Fund criticised, Telikom undertakes ‘due diligence’ on EMTV, and a call to continue tax breaks for resource sector investors. Your weekly digest of the latest business news.
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