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Commodities stable but LNG weak: a monthly review of Papua New Guinea’s commodities and financial markets

31 May 2017 by Leave a Comment
Commodity prices were reasonably stable over the month and precious metals strengthened. But the weakness in Liquefied Natural Gas (LNG) prices continued. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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In brief: Bank South Pacific expands into Cambodia, and other business stories

30 May 2017 by Leave a Comment
BSP enters a joint venture deal in Cambodia, management restructure planned for PNG Power, and government shelves GST rise. Your weekly digest of the latest business news.
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Five questions for Michael McMillan, Townsville Enterprise policy director

30 May 2017 by Leave a Comment
Michael McMillan, Director of Policy and Investment for the Townsville Enterprise, explains to Business Advantage PNG that, with Air Niugini now conducting direct flights from Townsville to Port Moresby, there is greater reciprocal interest between the two cities. He says a delegation of Townsville business people went in May to Papua New Guinea’s capital city to look at the business possibilities.
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Excess kina liquidity may open up opportunities for local companies in Papua New Guinea

24 May 2017 by Leave a Comment
The lack of availability of foreign exchange is creating imbalances within the Papua New Guinea financial system, according to a report by Kina Securities. It says there is a build up of liquidity in kina, which may have implications for the financial strategies of domestic companies.
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In brief: Government seeking Budget support of US$500 million, and other business stories

23 May 2017 by 1 Comment
Government seeking Budget support from World Bank, LNG partners seek huge savings by co-operating, Ok Tedi performing well after seven months. Your weekly digest of the latest business news.
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A revitalised dairy industry aims for cheaper products on Papua New Guinea’s supermarket shelves by October

23 May 2017 by Leave a Comment
The first of 500 cows arrive in Papua New Guinea from New Zealand this week, (25 May) as a commercial-scale dairy industry gets closer to production in Central Province. And the CEO of Innovative Agriculture Industries, Ilan Weiss, says milk products will be on local supermarket shelves by October.
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Kumul Telikom rolling out 4G network across Papua New Guinea, says Chairman

23 May 2017 by 4 Comments
Kumul Telikom Chairman Mahesh Patel says the Papua New Guinea telco is close to rolling out its 4G services. He tells 'Business Advantage Boardroom', which aired on national broadcaster EMTV, that the merger of bmobile, DataCo and Telikom PNG is necessary to make the state- owned enterprise efficient and manage the technological challenges.
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