News

Ratings agency revises Papua New Guinea outlook down, but maintains rating

International ratings agency Standard and Poor’s has revised its outlook for Papua New Guinea from 'stable' to 'negative'. While maintaining PNG's B+/B rating, S&P's Director of Sovereign & Public Finance Ratings explains to Business Advantage PNG why there's a one-in-three chance the rating could be lowered in the next 12 months.
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In brief: Hope that SABLs leases will be return to landowners soon, and other business stories

Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his 'full price'. Your weekly digest of the latest business news.
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Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range

As Papua New Guinea's business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.
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In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories

Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.
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In brief: Redundancies at Petromin Papua New Guinea after oil price slump, and other business news.

Redundancies at Petromin Holdings ahead of restructure, LNG price slump may go further, and Santos confident its share price will rise. Your weekly digest of the latest business news.
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