The kina is more than 20 per cent overvalued, according to Marcel Schroder, a lecturer in economics at the Development Policy Centre in the Australian National University (ANU), speaking to a joint University of Papua New Guinea/ANU event in Port Moresby. One option is to introduce a dual exchange rate for a limited time.
Senior executives from more than ten countries will gather next week in Sydney for the Business Advantage Papua New Guinea Investment Conference. We preview what delegates can expect from the event.
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.
Papua New Guinea is a ‘low risk’ country for foreign investors, according to John Leahy, President of the Papua New Guinea Chamber of Commerce and Industry. But he tells Business Advantage PNG that it is important to prepare thoroughly in order to be a successful investor.
The Chief Executive and Founder of real estate portal Hausples, Matthew Care, explains to Business Advantage PNG that the company is set to take advantage of higher rates of internet usage in Papua New Guinea. He expects rates of urbanisation to increase.
The Papua New Guinea Government needs to look at raising more revenue, as well as keeping its expenditure under control, according to Dairi Vele, Secretary of the Department of Treasury.
The European Investment Bank has received a mandate from the European Union to invest in infrastructure projects in the Pacific, including in Papua New Guinea. Head of the EIB’s Pacific Regional Office, Adam Bruun explains to Business Advantage PNG some of the priorities and operational practices of the Bank.
Papua New Guinea’s National Trade Policy has just been released. It calls for greater liberalisation of the domestic economy and enhanced efforts to improve market access for PNG’s exports. Business Advantage PNG looks into the detail.
A new development on the Papua New Guinea University of Technology’s campus in Lae will give PNG’s second city its first shopping mall. Vice-Chancellor Dr Albert Schram tells Business Advantage PNG the plan includes housing, shops, banks and business offices.
Kennedy Wemin, the Chief Executive of Melanesian Trustee Services limited (MTSL), Trustee and Interim Manager of Papua New Guinea’s unit trust fund, Pacific Balanced Fund (PBF) tells Business Advantage PNG that the difficult economic conditions create opportunities as well as challenges. He outlines some of the fund’s future options.