Agriculture prices fall sharply: a monthly review of Papua New Guinea’s commodities and financial markets

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It has been a patchy month for energy prices and precious metals, while agricultural prices have been sharply weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.

People moves: Kina Securities, Kumul Petroleum Holdings

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A new CEO for Kina Securities after Syd Yates decides to retire, Kumul Petroleum Holdings appoints head of new energy business unit.

Time for ‘new blood’ at Kina Securities with CEO Yates to step down

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Syd Yates, Chief Executive of Kina Securities, has announced that he will relinquish the role next month after 20 years with the company, with Westpac’s Greg Pawson joining the company. Yates tells Business Advantage PNG he believes it is time for new blood.

What signs of recovery are business leaders in Papua New Guinea looking for? (Part Two)

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What do business leaders look for as signs of recovery in Papua New Guinea’s economy? In the second of a two-part series, Business Advantage PNG gets views from senior executives in finance, manufacturing and agribusiness.

Commodities stable but LNG weak: a monthly review of Papua New Guinea’s commodities and financial markets

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Commodity prices were reasonably stable over the month and precious metals strengthened. But the weakness in Liquefied Natural Gas (LNG) prices continued. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.

Excess kina liquidity may open up opportunities for local companies in Papua New Guinea

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The lack of availability of foreign exchange is creating imbalances within the Papua New Guinea financial system, according to a report by Kina Securities. It says there is a build up of liquidity in kina, which may have implications for the financial strategies of domestic companies.

People moves: Kina Securities, Department of Higher Education, World Bank

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Board changes at Kina Securities, a new Secretary for Higher Education Department, new Country Manager for the World Bank

Commodity prices weak but precious metals up: a monthly review of commodity and financial markets

Welcome,

It has been a bad month for most commodity prices, but not precious metals. The weakness in Liquefied Natural Gas (LNG) prices has continued, with the price falling sharply over the last month. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.

Cocoa surges but oil and gas prices remain weak: a monthly review of Papua New Guinea commodity and financial markets

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The big mover this month was the cocoa price which was up 6.6 per cent for the month according to Kina Securities. Otherwise commodity prices moved sideways or weakened. Business Advantage PNG’s monthly overview of commodity and financial markets.

In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories

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BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.