A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.
Five questions for YuTru’s Tony Willenberg
Welcome,
14 Jan 2020 by 1 Comment
YuTru, Papua New Guinea’s first digital identification or ‘trust framework’, will enable more people to access and participate in the online economy. In this exclusive interview with Business Advantage PNG, Tony Willenberg, consultant to the project, tells us how YuTru is progressing.
How Papua New Guinea’s central bank plans to sell government debt
Welcome,
13 Jan 2020 by Leave a Comment
The Bank of Papua New Guinea is looking to sell government debt to international and local investors. Its Governor, Loi Bakani, outlines the challenges to Business Advantage PNG and their connection to PNG’s ongoing foreign exchange shortages.
In brief: Papua New Guinea’s Treasurer announces a deal to address forex issues and other business stories
Welcome,
2 Dec 2019 by Leave a Comment
Treasurer Ian Ling-Stuckey announces a deal with the Bank of Papua New Guinea to improve the availability of forex in the country, the Australian Government and the International Monetary Fund pledge to help PNG in its medium term revenue strategy, and Lihir Gold Mining Limited to pay K54 million directly to landowners. Your weekly digest of business news.
Financial services: a sector profile
Welcome,
21 Nov 2019 by Leave a Comment
A profile of the financial services sector in Papua New Guinea, including information on banks, finance companies, capital markets, superannuation and insurance.
What Papua New Guinea’s central bank is saying about the economy
Welcome,
4 Oct 2019 by Leave a Comment
Ahead of this week’s expected Supplementary Budget, the Bank of Papua New Guinea’s September Monetary Policy Statement points to continued financial pressures, despite a strong trade performance. David James considers what it means for foreign exchange and domestic demand.
Opinion: five things the Marape Government can do to foster economic recovery in Papua New Guinea
Welcome,
1 Sep 2019 by 11 Comments
What can the Prime Minister and his team do to support a sustained recovery? ANU’s Stephen Howes offers his suggestions.
MYEFO: Papua New Guinea’s international debt standing and forex still a problem
Welcome,
7 Aug 2019 by 2 Comments
What the Mid-Year Economic and Fiscal Outlook reveals about Papua New Guinea’s international debt standing and foreign exchange markets.
Manufacturing and transportation up in Papua New Guinea despite challenges in other sectors
Welcome,
8 Jul 2019 by Leave a Comment
The Bank of Papua New Guinea’s Quarterly Economic Bulletin reports sales were strong in the manufacturing and transportation industries during the September quarter of 2018. But in other sectors revenues were revealed to be either patchy or poor. David James gives us an overview of these sectors.
What Papua New Guinea’s gold industry can expect in the global markets
Welcome,
11 Sep 2019 by Leave a Comment
Gold is one of Papua New Guinea’s oldest export industries. Volumes have been volatile but the prospects for the sector look good, according to an expert at the World Gold Council.
USD 0.257
AUD 0.3824
GBP 0.1961
EUR 0.2311
NZD 0.4175
JPY 37.44
SGD 0.3363
Recent readers’ comments