High debt and deficit levels are why the ratings agency S&P has kept its Papua New Guinea country rating at B+/B, with a negative outlook. S&P Director, Craig Michaels, tells Business Advantage PNG higher commodity prices are the key to lifting the rating.
Higher commodity prices the key to improving Papua New Guinea credit ratings, says Standard & Poor’s Global Ratings
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18 Apr 2017 by Leave a Comment
Cocoa surges but oil and gas prices remain weak: a monthly review of Papua New Guinea commodity and financial markets
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29 Mar 2017 by Leave a Comment
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: Papua New Guinea government suspends vegetable import ban, and other business stories
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27 Jan 2016 by
Ban imported vegetables suspended for three months, Mainland CEO calls for tougher bio security measures, and Oil Search confident, despite low oil prices. Your weekly digest of the latest business news.
Papua New Guinea business sees light at the end of the tunnel
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25 Nov 2015 by Leave a Comment
In spite of the talk about an economic slowdown in 2016, Papua New Guinea’s capital, Port Moresby, is a city where plenty is still happening as 2015 comes to a close. Business Advantage International’s Andrew Wilkins reflects on recent discussions with Papua New Guinea business leaders.
In brief: Santos rejects takeover bid as ‘opportunistic’, and other business stories
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28 Oct 2015 by Leave a Comment
Wealthy royal families’ bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.
Ratings agency revises Papua New Guinea outlook down, but maintains rating
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13 Oct 2015 by Leave a Comment
International ratings agency Standard and Poor’s has revised its outlook for Papua New Guinea from ‘stable’ to ‘negative’. While maintaining PNG’s B+/B rating, S&P’s Director of Sovereign & Public Finance Ratings explains to Business Advantage PNG why there’s a one-in-three chance the rating could be lowered in the next 12 months.
In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories
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30 Sep 2015 by Leave a Comment
Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.
In brief: US power and construction company eyes Papua New Guinea as next location, and other business news
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8 Jul 2015 by Leave a Comment
Pernix Group looks to expand into Papua New Guinea, European Investment Bank invited into PNG and Finance Minister says LNG is not ‘a waterfall’ of money.
In brief: Business endorses new Papua New Guinea police chief, and other business stories
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3 Jun 2015 by Leave a Comment
Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.
Papua New Guinea banks operate in ‘high risk’ environment, says Standard & Poor’s
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29 Apr 2015 by Leave a Comment
Ratings agency Standard & Poor’s says PNG’s banks operate in a ‘high risk’ environment, with regulation and supervision ‘comparatively lenient’.
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