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.
Trade slump: how border closures affect Papua New Guinea’s exports
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25 May 2020 by Leave a Comment
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.
Papua New Guinea’s growth depends on Papua LNG going ahead, says S&P
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2 Sep 2019 by Leave a Comment
In an exclusive interview with Business Advantage PNG, ratings analyst Rebecca Hrvatin, says PNG’s fiscal imbalances will improve—provided the Papua LNG project continues as planned.
Sovereign bond issue will ‘test’ Papua New Guinea’s market access, says Standard & Poor’s
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11 Sep 2018 by 1 Comment
The Papua New Guinea government has begun spruiking its sovereign bond issue with a series of meetings with investors in Singapore, Hong Kong, London and the US, led by Treasurer Charles Abel. However, while Standard and Poor’s has given the issue a ‘B’ stable rating, others say the government may have to offer a premium to attract investors.
PM insists Papua New Guinea economy strong despite critics
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1 May 2018 by Leave a Comment
The Prime Minister Peter O’Neill has criticised external commentators for ‘bias’ when assessing the PNG economy. Speaking at the 34th Australia Papua New Guinea Business Forum in Brisbane, he expressed optimism about the proposed Papua LNG project but said the economy has to be diversified to avoid boom and bust cycles.
Standard & Poor’s lowers Papua New Guinea’s rating
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24 Apr 2018 by Leave a Comment
S&P Global Ratings has lowered its long-term foreign and local currency sovereign credit ratings on Papua New Guinea (PNG) to ‘B’ from ‘B+’, but it believes the outlook is ‘stable’. The agency points to bigger than expected fiscal deficits because of ‘a loss of revenue and reconstruction costs after a recent earthqu
Excess kina liquidity may open up opportunities for local companies in Papua New Guinea
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24 May 2017 by Leave a Comment
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.
Papua New Guinea’s banks face high economic risks, reflecting debt and resource reliance, says ratings agency, S&P Global
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16 May 2017 by Leave a Comment
The economic risks faced by the three main commercial banks in Papua New Guinea are very high, says ratings agency S&P Global Ratings. But Associate Director Andrew Mayes tells Business Advantage PNG, credit risk is ‘well-managed’.
Papua New Guinea interest rates likely to remain stable and inflation to fall, say research groups
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9 May 2017 by Leave a Comment
Interest rates are likely to remain at 6.26 per cent for the rest of 2017, and inflationary pressures are expected to moderate, according to the latest economic analysis by Singapore-based BMI Research, a unit of Fitch Group.
Releasing more land key to increasing Papua New Guinea home ownership
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3 May 2017 by 1 Comment
Demand for housing in Papua New Guinea is strong but there is a shortage of supply, according to the latest survey by Hausples, a Port Moresby-based real estate technology company.
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