Economy/Investment

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

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.
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PM O’Neill calls for greater intervention to strengthen Papua New Guinea industry

The Prime Minister Peter O'Neill has outlined a plan of greater government involvement in Papua New Guinea's industrial development. In a speech to the Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby O'Neill described the need both to broaden the industry base and to move some industries up the value chain.
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Papua New Guinea’s banks face high economic risks, reflecting debt and resource reliance, says ratings agency, S&P Global

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’.
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The PNG 100 CEO Survey 2017: Papua New Guinea’s chief executives growing in confidence

Business Advantage International’s PNG 100 CEO Survey of chief executives in Papua New Guinea’s biggest companies has found that many business leaders fell short of their profit expectations in 2016. But the mood remains cautiously optimistic.
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IPA signals crack down on foreign ownership rorts in Papua New Guinea

Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.
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Investment Conference to focus on infrastructure, regions and innovation in Papua New Guinea

The provisional program for the 2017 Papua New Guinea Investment Conference has been released, highlighting business opportunities across PNG’s economy. The conference will be organised by the publisher of www.businessadvantagepng.com, and will be held at the Shangri-La Hotel in Sydney, Australia, on 7 and 8 September.
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Higher commodity prices the key to improving Papua New Guinea credit ratings, says Standard & Poor’s Global Ratings

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.
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