As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.
Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range
Welcome,
6 Oct 2015 by 1 Comment
In brief: Oil Search rejects Woodside takeover bid as ‘highly opportunistic’, and other business stories
Welcome,
16 Sep 2015 by Leave a Comment
Analysts predict Woodside will up its takeover offer for Oil Search, Business leader estimates K1.5 billion in foreign currency waiting for processing, and NZ re-opens its trade office in Port Moresby. Your weekly digest of the latest business news.
In brief: Papua New Guinea Government may review petrol supply regime, and other business stories
Welcome,
2 Sep 2015 by Leave a Comment
O’Neill indicates government may open up petrol supply market, Australia questions if vegetable import ban breaches global trade rules, and plans for an 800,000 hectare forest in Western Highlands. Your weekly digest of the latest business news.
People moves: Santos, Konebada Petroleum Park Authority, Bank South Pacific, Lynmark Recruitment
Welcome,
27 Aug 2015 by
Santos CEO to step down, the board of Konebada Petroleum Park Authority announced and a new Country Manager for BSP in Solomon Islands, and a former Digicel executive starts a new recruitment company
People moves: Digicel PNG Foundation, Bank of South Pacific, Cott Oil and Gas
Welcome,
19 Aug 2015 by
A new Chairman at Digicel PNG Foundation, senior BSP appointments in Solomon Islands, Cott Oil and Gas MD to step down.
In brief: BSP bid to buy Westpac Vanuatu rejected, and other business stories
Welcome,
29 Jul 2015 by Leave a Comment
Vanuatu’s Reserve Bank rejects sale of Westpac Vanuatu to BSP, Airlines PNG invited to fly into Samoa and ‘show cause’ notice issued over slow progress of new Lae highway. Your weekly digest of the latest business news.
In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news
Welcome,
15 Jul 2015 by Leave a Comment
Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.
New affordable houses project in Port Moresby a model for elsewhere in Papua New Guinea
Welcome,
15 Jul 2015 by 155 Comments
The construction of 100 affordable houses in Port Moresby will be the launchpad for similar projects elsewhere in Papua New Guinea, predicts Joe Webb, the Managing Director of Australian joint venture partner Amode.
How Papua New Guinea business is supporting the Pacific Games
Welcome,
1 Jul 2015 by 1 Comment
This weekend, the Pacific Games commences in Port Moresby, attracting some 4000 athletes from across the Pacific, with events televised in each of the 24 participating countries. How has Papua New Guinea business made the most of the opportunity? Business Advantage PNG investigates.
In brief: mini-budget on the way for Papua New Guinea, and other business stories
Welcome,
10 Jun 2015 by Leave a Comment
PNG Government likely to prepare mini-budget, Pacific Assurance Group urges Bank of PNG to lift restrictions, and Lihir mine temporarily ceases operations. Your weekly digest of the latest business news.
USD 0.2594
AUD 0.383
GBP 0.1999
EUR 0.2381
NZD 0.4255
JPY 40.98
SGD 0.3482
Recent readers’ comments