Economy/Investment

Five questions for Jon Philp, Australian High Commissioner to Papua New Guinea

One of Papua New Guinea's major trading partners, Australia has continued to increase its support for the country's economic development, especially in infrastructure. Business Advantage PNG asks Jon Philp, Australia's High Commissioner to PNG, about the intent of Australia's aid program in PNG and its priorities.
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Foreign exchange shortages still biting business in Papua New Guinea

The Bank of Papua New Guinea expects a 'windfall' from higher international commodity prices to alleviate some of the country's foreign exchange shortages. However, anecdotal evidence suggests the forex situation is actually getting worse.
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Foreign investment starting to return to Papua New Guinea, says IPA head

Foreign direct investment in Papua New Guinea is starting to return this year after a 'huge slump' over the previous two years, according to Clarence Hoot, Managing Director of the country's Investment Promotion Authority.
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Regulator approval paves the way for corporate bond market in Papua New Guinea

In what may be the most significant innovation in Papua New Guinea's capital markets since the establishment of a local stock exchange, the PNGX has announced Securities Commission approval for its new Debt Market Rules. The approval paves the way for the establishment of a corporate bond market.
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