Economy/Investment

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Supplementary budget imposes greater austerity on Papua New Guinea’s economy

The Papua New Guinea government has brought down a supplementary Budget to address what it described as a 'record budget deficit.' The Minister for Treasury, Ian Ling-Stuckey, claimed it is necessary to get the Budget within sound fiscal limits.
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The export markets that matter to Papua New Guinea – and how they are changing

What's happening in Papua New Guinea’s three most important export markets? Demographer Bernard Salt says social trends in China, Australia and Japan will affect the business they do with PNG in the future, and present new opportunities.
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What Papua New Guinea’s central bank is saying about the economy

Ahead of this week's expected Supplementary Budget, the Bank of Papua New Guinea’s September Monetary Policy Statement points to continued financial pressures, despite a strong trade performance. David James considers what it means for foreign exchange and domestic demand.
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Focus moves to P’nyang agreement after government endorsement of Papua LNG

After the government’s endorsement of the Papua LNG Gas Agreement in September, attention has shifted to achieving a deal for the P’nyang gas project. Its developers see its pending approval as a prerequisite for the commencement of Papua LNG.
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A tale of two cities: why successful investment in Lae is a boost for Port Moresby

Lae, Papua New Guinea's second-largest city, is again emerging as a key location for investment. Far from drawing investors away from capital Port Moresby, a buoyant Lae could actually be good for both cities, say representatives from the two cities' business chambers.
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Exclusive: Wera Mori on foreign investment and special economic zones in Papua New Guinea

In an exclusive interview held at the 2019 Business Advantage Papua New Guinea Investment Conference, Papua New Guinea's Minister for Commerce and Industry, Wera Mori, tells Business Advantage International's Publishing Director Andrew Wilkins it's time for PNG to extend its economic base.
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