In just two weeks’ time, senior executives from across the region will gather in Sydney for the 2019 Business Advantage Papua New Guinea Investment Conference. We preview what delegates can expect from the event.
Economy & Investment
Oil, LNG and gas prices are weaker but precious metals are slightly up. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
The World Bank has released its latest half-yearly appraisal of Papua New Guinea’s economy. It confirms PNG’s economy contracted last year but predicts it will bounce back over the next three years, subject to some ‘rising uncertainties’.
PNGX, Papua New Guinea’s renamed stock exchange, has announced proposals to establish trade in government and private debt. It may lead to a significant deepening of the PNG financial system. David James reports.
With over 80 per cent of Papua New Guinean businesses citing skills shortage as a key constraint to their growth, helping women join the workforce or open their own businesses could put an end to the problem. Richelle Tickle, Papua New Guinea Country Manager, Pacific Women Support Unit, shares with Business Advantage PNG the work that Pacific Women is doing in Papua New Guinea.
Papua New Guinea’s agricultural industries have great potential but operators have to learn to fend for themselves. That was the message at the 35th Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby.
The new cabinet announced by Prime Minister James Marape has many sound choices, according to Paul Barker, Executive Director of the Papua New Guinea Institute of National Affairs. He tells Business Advantage PNG that there is optimism in the business community about the new government.
Papua New Guinea’s new Prime Minister James Marape has given the first indications of the changes his government will be making to the country’s business environment.
The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the December 2018 quarter. David James analyses the report and what it means for business.
The World Bank has released a new report, which provides a bullish assessment on economic growth in Papua New Guinea. But it says the country’s dependence on natural resources is not generating sufficient jobs to absorb its growing population.