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Economy/Investment

Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage

26 Sep 2016 by 1 Comment
The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
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Asian Development Bank puts case for greater private involvement in state-owned enterprises

21 Sep 2016 by 1 Comment
Increasing private sector involvement in Papua New Guinea's state-owned enterprises (SOEs) would be a 'powerful mechanism' for improving the sector's efficiency, according to a new report by the Asian Development Bank.
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Top bankers set the record straight on Papua New Guinea’s foreign exchange shortage

31 Aug 2016 by 2 Comments
Papua New Guinea’s top two bankers, Loi Bakani, Governor of the Bank of Papua New Guinea and Robin Fleming, Chief Executive of Bank South Pacific, have asserted that the kina is not ‘controlled’. The shortage of foreign exchange is rather due to supply demand imbalances—but there is light at the end of the tunnel.
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Industry diversification a must, say ADB and Manufacturers Council

24 Aug 2016 by Leave a Comment
The economic and financial stresses being experienced in the PNG economy are in part due to the narrowness of the industry base, according to a report by the Asian Development Bank. There is a compelling argument for industry diversification; Chey Scovell of the Manufacturers Council says the focus should be on creating stable employment.
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Business Advantage’s 2017 Papua New Guinea Investment Conference

17 Aug 2016 by Leave a Comment
Business Advantage International has announced the date for its next major PNG investment conference. The Business Advantage Papua New Guinea Investment Summit will be staged in Sydney in September 2017. ‘Our 2017 PNG Investment Conference will be an energetic re-boot of the investment conference format, aimed at connecting PNG businesses with international partners, and showcasing PNG as a favourable business […]
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US$200 million in finance for private sector climate change projects

10 Aug 2016 by 4 Comments
Climate change is the ‘single greatest threat to the livelihoods, security and wellbeing of the peoples of the Pacific’, according to the Pacific Islands Forum Secretariat (PIFS). But the region is showing leadership and there are opportunities for Papua New Guinea to gain access to climate finance.
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Papua New Guinea’s mid-year economic report paints gloomy picture, with some positives

2 Aug 2016 by Leave a Comment
The Papua New Guinea government has released its Mid-Year Economic and Fiscal Outlook Report. GDP growth is expected to be weak, tax revenue is lower than expected and public debt is rising above the legislated limit.
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