Oil prices weaker but copper up sharply: a monthly review of Papua New Guinea’s commodities and financial markets

Oil prices have weakened, but copper has had an upwards run. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.

In brief: More than just a Supplementary Budget needed says UN Country Manager, and other business stories

Roy Trivedy says Supplementary Budget is essential but not enough, Telikom and bmobile merger approved, visas for SME workers on hold.

In brief: Incoming Treasurer to announce a 100-day economic plan, and other business stories

Treasurer Charles Abel wants to restore confidence in the economy, election unrest in Mt Hagen may cost businesses K50 million, and BCL board meets in Bougainville. Your weekly digest of the latest business news.

Oil prices recover and coffee and cocoa up: a monthly review of Papua New Guinea’s commodity and financial markets

Oil prices have recovered and coffee and cocoa are both strong. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.

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

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

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

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)

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

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

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.