The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the December 2018 quarter. David James analyses the report and what it means for business.
Exports booming but a mood of austerity, Bank of Papua New Guinea Quarterly Economic Bulletin suggests
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3 Jun 2019 by Leave a Comment
Less than 5 per cent of Papua New Guinea businesses getting foreign exchange when they need it: poll
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29 May 2019 by Leave a Comment
As far as business is concerned, Papua New Guinea’s foreign exchange challenges are far from over. That’s according to an exclusive Business Advantage PNG poll, which indicates the majority of businesses are still experiencing significant delays in meeting their foreign currency needs.
Digital ID, digital money: how the mobile phone can reach the unbanked in Papua New Guinea
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17 Apr 2019 by Leave a Comment
Three quarters of Papua New Guinea’s population is excluded from the financial sector, but there are differing thoughts about how to include them. David James looks at some of the options being proposed for PNG and notes the mobile phone is the key to all of them.
Bank of Papua New Guinea urges tougher stance on new resources projects
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10 Apr 2019 by Leave a Comment
The March Monetary Policy Statement from the Bank of Papua New Guinea has urged the government to rethink the way it negotiates concessions and tax exemptions with new resources projects. Taking a strong position, it points to how previous agreements have been a factor in foreign exchange shortages and adverse trends in government finances.
Papua New Guinea’s new finance sector strategy a response to ‘staggering’ growth
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20 Feb 2019 by Leave a Comment
Massive growth in participation has forced the Papau New Guinea Government to come up with new strategies for the finance sector and financial inclusion. Business Advantage PNG’s David James reviews the strategies and finds a greatly enhanced role for the central bank.
In Brief: World Bank report predicts 5 per cent GDP growth for Papua New Guinea and other business stories
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13 Feb 2019 by Leave a Comment
New World Bank report predicts 5% GDP growth for Papua New Guinea in 2019, consumer protection in financial services, and Bloomberg puts a value on Panguna mine. Your weekly digest of the latest business news.
Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor
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29 Jan 2019 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.
IFC to issue Papua New Guinea’s first AAA-rated domestic bond to deepen financial markets
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23 Oct 2018 by Leave a Comment
Following the successful launch of Papua New Guinea’s first sovereign bond, the International Finance Corporation is intending to issue a AAA bond as part of its efforts to deepen the financial markets in Papua New Guinea. John Vivian, IFC’s Resident Representative for Papua New Guinea, tells Business Advantage PNG that it can also assist corporate funding.
In brief: Abel to present on economic integration, and other business news
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9 Oct 2018 by Leave a Comment
Abel on economic integration, renewable energy transition by 2050 and a K2m commitment to revive Goilala coffee. Your weekly digest of the latest business news.
In brief: Foreign exchange inflows improving, and other business news
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28 Aug 2018 by Leave a Comment
Foreign exchange inflows improving, Moni Plus opens in Lae, and changes to boards of government-owned businesses. Your weekly digest of the latest business news.
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