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.
In brief: Papua New Guinea’s Treasurer announces a deal to address forex issues and other business stories
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2 Dec 2019 by Leave a Comment
Financial services: a sector profile
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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
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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
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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
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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
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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
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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
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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
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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.
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