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.
Exports booming but a mood of austerity, Bank of Papua New Guinea Quarterly Economic Bulletin suggests
Welcome,
3 Jun 2019 by Leave a Comment
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.
Less than 5 per cent of Papua New Guinea businesses getting foreign exchange when they need it: poll
Welcome,
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
Welcome,
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
Welcome,
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
Welcome,
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
Welcome,
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.
USD 0.2505
AUD 0.4028
GBP 0.1991
EUR 0.2413
NZD 0.4453
JPY 38.9
SGD 0.3413
Recent readers’ comments