Economy/Investment

Lae’s Unitech undergoes ‘cultural change’ to produce better qualified students

Albert Schram, Vice-Chancellor of the University of Technology (Unitech) in Lae, tells Business Advantage PNG that the institution is undergoing a broad ‘cultural change’. The aim is to create closer ties with business in order to produce better qualified graduates.
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Domestic credit in Papua New Guinea sound, say finance executives

Businesses in Papua New Guinea may be finding it hard to get foreign exchange, but credit quality within the domestic economy remains relatively healthy. Finance executives and analysts tell Business Advantage PNG that there has been only a slight deterioration of kina-denominated credit, despite the weak economy.
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Selling Papua New Guinea as a business and investment destination

September's Papua New Guinea Investment Conference in Sydney is designed to promote Papua New Guinea as a key business destination in our region. Business Advantage International's Andrew Wilkins reveals some of the planning that is going into the program.
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What signs of recovery are experienced business leaders looking for in Papua New Guinea? (Part One)

What are the signs of economic recovery in Papua New Guinea that business leaders should look out for? In the first of a two part series, Business Advantage PNG asks some experienced business leaders what indicators they regard as significant and whether what they are seeing is positive.
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Five questions to economist Rohan Fox on Papua New Guinea’s exchange rates and APEC 2018

Papua New Guinea needs greater flexibility in the exchange rate, Rohan Fox, Lecturer and Research Fellow at the University of Papua New Guinea’s Division of Economics, explains to Business Advantage PNG. He believes APEC will be a boost to the economy but not enough to spark a general recovery.
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Papua New Guinea economy stabilising, but financial stresses remain says Bank of PNG

The Papua New Guinea economy is gradually stabilising as it adjusts to the impact of the PNG LNG project, according to the Bank of PNG's latest Monetary Policy Statement. Real economic growth is predicted to be 2.8 per cent, the kina has been steady, and the 2016 balance of payments was in surplus. But there are financial stresses, as David James reports.
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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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