Prime Minister James Marape on a free trade agreement with China, invitation to the United States to invest in Papua New Guinea extended, and renewed interest in the Solwara One project.
In brief: Prime Minister Marape invites US and China to invest in Papua New Guinea and other stories
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23 Nov 2022 by Leave a Comment
Moody’s downgrades Papua New Guinea’s B2 credit rating to ‘negative’
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21 Apr 2021 by Leave a Comment
International credit rating agency Moody’s has changed its outlook on the Government of Papua New Guinea’s B2 rating from ‘stable’ to ‘negative’. What’s behind the move and what does it mean?
Ratings agency reveals how Papua New Guinea will manage its debt
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16 Mar 2020 by Leave a Comment
Papua New Guinea’s Government is set to rely heavily on concessional finance from multilateral institutions, according to ratings agency Moody’s. The agency is maintaining a B2 rating for PNG debt but has some surprising revelations about the country’s finances.
In Brief: US$13 million airport project announced in Mendi and other business stories
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20 Feb 2019 by Leave a Comment
Papua New Guinea’s Prime Minister has announced a US$13 million airport in Mendi and Moody’s has changed the country’s issuer ratings from negative to stable. Your weekly digest of the latest business news.
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.
Moody’s puts a negative rating on Papua New Guinea’s sovereign debt
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3 Apr 2018 by Leave a Comment
The ratings agency Moody’s has affirmed Papua New Guinea’s B2 rating, but downgraded it from ‘negative from stable’, citing higher government liquidity risks, increased gross borrowing requirements and limited funding sources. It points to a growing reliance on short-term debt.
Moody’s bullish on longer term future of Papua New Guinea economy
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30 May 2016 by 3 Comments
Moody’s recently downgraded its sovereign rating on Papua New Guinea to B2 from B1. But Christian de Guzman, a Senior Analyst in the Sovereign Risk Group for Moody’s Singapore tells Business Advantage PNG that the agency is ‘quite confident’ about the overall economy’s prospects over the medium-term.
In brief: Moody’s downgrades Papua New Guinea ratings because of balance of payments pressures, and other business stories
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27 Apr 2016 by Leave a Comment
Moody’s downgrades Papua New Guinea ratings, National Broadband Network to be launched by year’s end, and warnings of a ‘crisis’ in the oil services industry. Your weekly digest of the latest business news.
In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news
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15 Jul 2015 by Leave a Comment
Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.
In brief: Port Moresby Chamber backs Northern Australia development for Papua New Guinea, and other business stories
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24 Jun 2015 by 1 Comment
Port Moresby Chamber applauds development of Northern Australia, Papua New Guinea well-placed on global LNG stage, and SP Brewery launches new brew. Your weekly digest of the latest business news.
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