The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the December 2018 quarter. David James analyses the report and what it means for business.
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Papua New Guinea has a new Prime Minister, James Marape, and also, if not an entirely new government, at least a government representing a generational change in PNG’s body politic (Marape is 48).
James Marape, Papua New Guinea’s new Prime Minister, made his maiden address as premier to Parliament today. This is an edited transcript* of his speech, which outlined his aspirations for the country and his new government.
Papua New Guinea has a new Prime Minister, James Marape, but the ruling People’s National Congress-led Government appears to have survived.
Papua New Guinea’s Prime Minister Peter O’Neill has formally tendered his resignation to the country’s Governor-General, Sir Bob Dadae, this morning. The resignation paves the way for Parliament to elect a new Prime Minister. Time will tell if it’s also the end of the People’s National Congress-led government, which has governed Papua New Guinea since 2011.
The coffee industry in Papua New Guinea is dealing with unusually low prices and poor production levels but there are significant opportunities, especially in commodity and speciality coffees. That was the view of speakers at the 2019 National Coffee Industry Symposium in Port Moresby.
Less than 5 per cent of Papua New Guinea businesses getting foreign exchange when they need it: poll
As far as business is concerned, Papua New Guinea’s foreign exchange challenges are far from over. That’s according to an exclusive Business Advantage PNG poll, which indicates the majority of businesses are still experiencing significant delays in meeting their foreign currency needs.
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LNG has continued its slide and oil prices also weaken but cocoa and coffee prices rise. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
IAG Global welcomes a new Global Chairman of the Board.