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Economy/Investment

IPA signals crack down on foreign ownership rorts in Papua New Guinea

2 May 2017 by 1 Comment
Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.
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Investment Conference to focus on infrastructure, regions and innovation in Papua New Guinea

26 Apr 2017 by Leave a Comment
The provisional program for the 2017 Papua New Guinea Investment Conference has been released, highlighting business opportunities across PNG’s economy. The conference will be organised by the publisher of www.businessadvantagepng.com, and will be held at the Shangri-La Hotel in Sydney, Australia, on 7 and 8 September.
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Higher commodity prices the key to improving Papua New Guinea credit ratings, says Standard & Poor’s Global Ratings

18 Apr 2017 by Leave a Comment
High debt and deficit levels are why the ratings agency S&P has kept its Papua New Guinea country rating at B+/B, with a negative outlook. S&P Director, Craig Michaels, tells Business Advantage PNG higher commodity prices are the key to lifting the rating.
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Trade strong but foreign exchange and budgetary pressures likely to continue, says Bank of Papua New Guinea

5 Apr 2017 by Leave a Comment
Papua New Guinea's economy performed strongly on the trade front in 2016, according to the Bank of Papua New Guinea's biannual Monetary Policy Statement. However, this did not translate into inflows of foreign exchange, and government revenues are expected to remain under pressure.
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Cocoa surges but oil and gas prices remain weak: a monthly review of Papua New Guinea commodity and financial markets

29 Mar 2017 by Leave a Comment
The big mover this month was the cocoa price which was up 6.6 per cent for the month according to Kina Securities. Otherwise commodity prices moved sideways or weakened. Business Advantage PNG’s monthly overview of commodity and financial markets.
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Unrest poses threat to investment in Papua New Guinea says report

22 Mar 2017 by Leave a Comment
An increase in the number of protests, blockades, and inter-clan rivalry in Papua New Guinea poses 'downside risks' to Papua New Guinea's economic growth recovery, according to a report by BMI Research, a subsidiary of the Fitch Ratings Agency. It warns it could lead to delays or cancellations of investment projects.
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Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets

21 Feb 2017 by 1 Comment
The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
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