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Economy/Investment

Opinion: Business development in Papua New Guinea hampered by ‘man-made constraints’ says Charles Yala

25 Oct 2016 by 1 Comment
Man-made constraints to business are the real obstacles to business development, according to Dr Charles Yala, the Director of the National Research Institute. In an address to the Australia-PNG Alumni Conference, Dr Yala said the country’s leaders need to ‘think outside the box’ and harness ‘our natural beauty and landscape’.
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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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