In brief: Secrecy over proposed Sovereign Wealth Fund criticised, and other business stories

Welcome,

Failure to set up the Sovereign Wealth Fund criticised, Telikom undertakes ‘due diligence’ on EMTV, and a call to continue tax breaks for resource sector investors. Your weekly digest of the latest business news.

Five questions for … Tim Harcourt, the ‘Airport Economist’

Welcome,

We put five quick questions to international economist Tim Harcourt, who will visit Papua New Guinea next month for the 2013 Papua New Guinea Advantage investment summit.

Papua New Guinea, Timor Leste stand out in slowing Pacific economy

Welcome,

Growth across the Pacific region is expected to slow slightly during 2013, with Timor Leste, Papua New Guinea and Nauru the outstanding performers, according to a mid-year review by the Asian Development Bank.

In brief: Bank of Papua New Guinea governor not worried by kina’s fall and other stories

Welcome,

Bank governor unfazed by kina fall, O’Neill welcomes Chinese investment, Morauta says deportation indicates climate of fear, and other local and regional stories.

Around the world: blast for bureaucrats, TB epidemic, plant & animal discoveries, Fiji warning, China oil imports

Welcome,

Radio Australia reports that PNG Prime Minister Peter O’Neill has ‘ blasted his public service over the granting of controversial [SABL] leases’ and more …

Around the world: China rebounds/Jakarta floods

Welcome,

China growth rebounds China’s growth rate rebounded in the final quarter of 2012 (to 7.9%) offsetting fears of a hard landing for the Chinese economy and providing a boost to the global resources sector. Jakarta floods Seasonal rain has brought Jakarta to a standstill and even led to calls for the capital to be relocated from the flood-prone […]