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Higher government spending could reduce Papua New Guinea’s debt burden, says economist Satish Chand

27 Jun 2016 by Leave a Comment
Papua New Guinea's debt levels relative to the size of its economy could actually go down if the government increased spending, according to Satish Chand, Professor of Finance in the School of Business at the University of New South Wales. Mounting an argument that goes against conventional wisdom, he contends that as long as the government investment is well managed and receives a strong return, the long term benefits will outweigh the short term risks.
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Papua New Guinea’s 2015 agriculture exports less than half 2011 levels

22 Jun 2016 by 3 Comments
Papua New Guinea’s agriculture export income in 2015 was less than half 2011 levels, according to data from Bank Papua New Guinea’s latest Quarterly Economic Bulletin. Income from palm oil exports was at its lowest level since 2009, coffee sales were less than half the level of four years ago and income from rubber exports almost halved in a year.
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Warnings that proposed changes to Papua New Guinea’s Land Act could harm economy

15 Jun 2016 by 7 Comments
During May, forums were run in Port Moresby, Lae, Mt Hagen and Kokopo to solicit public responses to the Papua New Guinea government's new land bill. The intent of the new bill is to protect the rights of customary landowners, by extinguishing any State leases, mortgages or sub-leases held by non-citizens. But the consequences for PNG industry and the economy could be dire, some observers are saying.
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In brief: Shortage of foreign exchange hindering investment, concerns about Customs procedures and Crowne Plaza on the market

15 Jun 2016 by Leave a Comment
Shortage of foreign exchange hindering investment, concerns about Customs procedures and the Crowne Plaza Port Moresby hotel up for sale. Your weekly digest of the latest business news.
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