After the government’s endorsement of the Papua LNG Gas Agreement in September, attention has shifted to achieving a deal for the P’nyang gas project. Its developers see its pending approval as a prerequisite for the commencement of Papua LNG.
Economy & Investment
The oil price has been extremely volatile this month, while LNG has strengthened. The cocoa price is also up sharply. Business Advantage PNG’s monthly overview of commodity and financial markets.
Lae, Papua New Guinea’s second-largest city, is again emerging as a key location for investment. Far from drawing investors away from capital Port Moresby, a buoyant Lae could actually be good for both cities, say representatives from the two cities’ business chambers.
PNG’s superannuation funds are heavily weighted towards cash and government bonds. But many other opportunities could be developed, senior executives of the two big super funds told the 2019 Business Advantage Investment Conference.
Gold is one of Papua New Guinea’s oldest export industries. Volumes have been volatile but the prospects for the sector look good, according to an expert at the World Gold Council.
In an exclusive interview held at the 2019 Business Advantage Papua New Guinea Investment Conference, Papua New Guinea’s Minister for Commerce and Industry, Wera Mori, tells Business Advantage International’s Publishing Director Andrew Wilkins it’s time for PNG to extend its economic base.
Watch how public debt has grown in Papua New Guinea since 1990, based on central bank statistics.
The two-day 2019 Business Advantage Papua New Guinea Investment Conference concluded yesterday in Sydney and is being hailed as a success. We report from the annual event.
Papua New Guinea’s Minister for Commerce and Industry, Wera Mori, outlined an ambitious plan to boost Special Economic Zones and attract foreign direct investment to PNG at the 2019 Business Advantage Papua New Guinea Investment Conference. Here’s what you need to know.
What the Mid-Year Economic and Fiscal Outlook reveals about Papua New Guinea’s international debt standing and foreign exchange markets.