First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business 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.
Retail and manufacturing sales down in Papua New Guinea
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2 Oct 2013 by Leave a Comment
Papua New Guinea’s retailers and manufacturers alike reporting significant drops in revenue this year. How serious is the downturn?
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.
Papua New Guinea Sovereign Wealth Fund coming in a nick of time
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25 Sep 2013 by
With Papua New Guinea’s Sovereign Wealth Fund (SWF) due to receive its first revenues next year, the Governor of the country’s central bank has given his approval. Meanwhile, the International Monetary Fund has sounded a note of caution.
People moves: new Treasurer, new director to PNGSDP and Bank of PNG board
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2 Apr 2014 by
O’Neill appoints Pruaitch as Treasurer, Somare appointed to PNGSDP and three new directors of Bank of PNG.
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: Loan for Oil Search shares already signed and other stories
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26 Mar 2014 by Leave a Comment
Officials reveal loan share deal signed two weeks ago, Abbott/O’Neill sign a new trade treaty and Bank PNG board happy with economy. Your weekly digest of the latest business and economic news.
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.
Papua New Guinea Government unfazed by foreign borrowing despite central bank concerns
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24 Jul 2013 by Leave a Comment
The Bank of Papua New Guinea argues that the government should fund its spending plans from the domestic banking system. Meanwhile, the government is ramping up its borrowing from foreign sources. Who is right?
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