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Flannery leads program for 2018 Papua New Guinea Investment Conference

17 Apr 2018 by Business Advantage PNG Leave a Comment

Eminent scientist Professor Tim Flannery will be one of the key speakers at this year's Business Advantage Papua New Guinea Investment Conference at the Sofitel Brisbane Central on 6 and 7 August this year.
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Papua New Guinea Commerce Minister wants stock exchange opened up to attract more foreign investment

11 Apr 2018 by Business Advantage PNG 2 Comments

Commerce and Industry Minister, Wera Mori, says the government is focusing on new laws to open up Papua New Guinea's capital markets to attract foreign investment. He also told business in Port Moresby this week that the government alone cannot rebuild the country's economy and has called for a new bond between the state and the business community.
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In brief: Foreign exchange reserves to be about US$2 billion by year’s end, and other business stories

11 Apr 2018 by Business Advantage PNG

Rise in foreign exchange reserves expected, K1.3 billion required annually for road maintenance work, and Ramu nickel project to have 35 year life. Your weekly digest of the latest business news.
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Transparency Initiative report calls for improved systems in extractive sector in Papua New Guinea

4 Apr 2018 by David James Leave a Comment

The Extractive Industries Transparency Initiative Report for 2016 has found that improvements are being made to registry and payment systems, but more needs to be done. It notes that budgeting to government revenues remains difficult because of the industry’s volatility and the relatively small number of companies paying full tax.
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In brief: Gas from PNG LNG plant to feed the Port Moresby grid in early 2019, and other business stories

4 Apr 2018 by Business Advantage PNG Leave a Comment

New Port Moresby power plant to be online during early 2019, US equity firm bids A$13.5 billion for Santos, and PNG Post keen to diversify. Your weekly digest of the latest business news.
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Central bank Governor calls for plan to make Papua New Guinea self-sufficient in food

3 Apr 2018 by Kevin McQuillan 6 Comments

The Governor of the Bank of Papua New Guinea has called for a national plan to make the country self-sufficient in food production, with capacity for export. Loi Bakani outlined his proposal at last month’s National Planning Consultative Summit in Lae.
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Moody’s puts a negative rating on Papua New Guinea’s sovereign debt

3 Apr 2018 by David James 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.
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Papua New Guinea Earthquake Update: relief efforts continue as Restoration Authority established

28 Mar 2018 by Kevin McQuillan Leave a Comment

The Papua New Guinea government has set up a new authority to oversee the restoration of services and infrastructure, following the February 26 earthquake. As humanitarian relief work continues, analysts expect GDP to fall slightly.
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In brief: O’Neill expects loans of US$790m to ease foreign exchange pressure this year, and other business stories

28 Mar 2018 by Business Advantage PNG Leave a Comment

Prime Minister O'Neill working on loan to ease foreign exchange pressure, domestic market obligation for future LNG projects, and Western LNG project likely to be stand-alone. Your weekly digest of the latest business news.
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LNG prices have continued to decline and cocoa also falls sharply: a monthly review of Papua New Guinea’s commodity and financial markets.

27 Mar 2018 by David James 2 Comments

LNG prices have shown continued weakness and the cocoa price has also dropped. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
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Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]

Flannery leads program for 2018 Papua New Guinea Investment Conference

Papua New Guinea Commerce Minister wants stock exchange opened up to attract more foreign investment

In brief: Foreign exchange reserves to be about US$2 billion by year’s end, and other business stories

Transparency Initiative report calls for improved systems in extractive sector in Papua New Guinea

In brief: Gas from PNG LNG plant to feed the Port Moresby grid in early 2019, and other business stories

Central bank Governor calls for plan to make Papua New Guinea self-sufficient in food

Moody’s puts a negative rating on Papua New Guinea’s sovereign debt

Papua New Guinea Earthquake Update: relief efforts continue as Restoration Authority established

In brief: O’Neill expects loans of US$790m to ease foreign exchange pressure this year, and other business stories

LNG prices have continued to decline and cocoa also falls sharply: a monthly review of Papua New Guinea’s commodity and financial markets.

Editor’s picks

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

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