Recent developments in the Papua New Guinea’s resources sector should boost confidence, according to international ratings agency Fitch Solutions. Its latest outlook on the country, however, warns of ‘policy uncertainty and ongoing risks to social stability’.
Fitch warns of potential political ‘flashpoints’ in Papua New Guinea but notes boosted confidence
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2 Jun 2021 by Leave a Comment
In brief: growth projections for Papua New Guinea downgraded and other business stories
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28 Apr 2021 by Leave a Comment
Fitch Solutions downgrades growth projections for Papua New Guinea, St Barbara Ltd unveils promising feasibility study for its Simberi gold mine, and Kina Bank introduces fee-free account. The news in brief.
Papua New Guinea’s budget challenges outlined in two new reports
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19 Aug 2020 by Leave a Comment
Two new reports have outlined the revenue challenges being faced by Papua New Guinea’s government in the face of the COVID-19 pandemic.
Trade slump: how border closures affect Papua New Guinea’s exports
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25 May 2020 by Leave a Comment
Papua New Guinea’s trade is likely to be sharply affected by the COVID-19 crisis and the closure of international borders, according to a report by the National Research Institute. It makes suggestions about how PNG’s traded sector can be supported.
Headed for recession: bank and rating agencies’ bleak forecast for Papua New Guinea in 2020
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6 May 2020 by Leave a Comment
Economists are forecasting a recession in PNG in 2020 as the country struggles to deal with the global crisis caused by the outbreak of the COVID-19 virus. The ratings agency Standard & Poor’s has also downgraded the country’s debt.
How Papua New Guinea’s informal and local economy can get through the COVID-19 crisis
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23 Mar 2020 by Leave a Comment
The economic fallout from the coronavirus (COVID-19) is creating havoc across world markets and economies. According to the ratings agency Fitch, Papua New Guinea’s formal economy will be affected, but the story could be different for its informal and local economy.
Papua New Guinea experiencing temporary loss of momentum, say reports
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15 Jan 2020 by Leave a Comment
With experts forecasting slow economic growth in 2020, Papua New Guinea’s economy may be facing a temporary loss of momentum. David James examines two new economic reports and what they may mean for business.
Papua New Guinea’s economy remains broadly positive despite slow economic growth forecast for 2020
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28 Oct 2019 by Leave a Comment
Economists have cut forecasts for Papua New Guinea’s 2020 GDP growth but there is a consensus that the slowing will only prove to be temporary. David James explores three new views of PNG’s economy in 2020 and beyond.
In Brief: US$13 million airport project announced in Mendi and other business stories
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20 Feb 2019 by Leave a Comment
Papua New Guinea’s Prime Minister has announced a US$13 million airport in Mendi and Moody’s has changed the country’s issuer ratings from negative to stable. Your weekly digest of the latest business news.
Analysts Fitch forecasts higher economic growth for Papua New Guinea in 2019 but kina to weaken
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18 Sep 2018 by 1 Comment
Financial analysts Fitch Solutions is forecasting higher economic growth for Papua New Guinea next year. But it says the kina is overvalued, which may pose problems in the future if the the Government’s proposed sovereign bond issue is successful.
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