Economy/Investment

What is Fortescue Metals Group doing in Papua New Guinea?

25 Aug 2021 by Business Advantage PNG 2 Comments

Earlier this month, Papua New Guinea's government announced a 'deed of agreement' with Australian iron ore giant, Fortescue Metals Group, to develop renewable energy projects in PNG. Business Advantage PNG learns more about its plans from Julie Shuttleworth, CEO of subsidiary Fortescue Future Industries.
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World Bank increases support for Papua New Guinea

30 Jun 2021 by Business Advantage PNG 3 Comments

The World Bank has approved US$100 million (K352 million) in concessional funding to support Papua New Guinea in its response to COVID-19, and 'lay important foundations for a sustainable recovery'. The funding will not be without risk, however.
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Gradual devaluation of Papua New Guinea’s currency would be ‘helpful’, says banker

9 Jun 2021 by David James 7 Comments

Papua New Guinea's currency, the kina, has been steady this year after weakening against a number of major currencies in late 2020. Should it be devalued further? We asked Jonathan Prince, Treasurer at Westpac PNG, to consider the consequences.
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Fitch warns of potential political ‘flashpoints’ in Papua New Guinea but notes boosted confidence

2 Jun 2021 by Business Advantage PNG Leave a Comment

Recent developments in the Papua New Guinea's resources sector should boost confidence, according to international ratings agency Fitch Solutions. Its latest outlook on the country, however, warns of 'policy uncertainty and ongoing risks to social stability'.
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2021 PNG 100 CEO Survey: a snapshot of the effects of COVID-19 in Papua New Guinea [analysis]

21 May 2021 by Justin Smirk Leave a Comment

The annual Business Advantage/Westpac PNG 100 CEO Survey has captured the depth of the COVID-19 crisis and the sense of uncertainty that exists among businesses in Papua New Guinea. Westpac’s Senior Economist Justin Smirk takes a closer look.
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Economic update: Beyond COVID-19 in Papua New Guinea

18 May 2021 by Andrew Wilkins Leave a Comment

2021 promises to be a year like no other in Papua New Guinea, as business leaders look beyond the COVID-19 crisis to an economy preparing for a major transition. They share their expectations with Andrew Wilkins.
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‘A hint of optimism’: Business Council says Papua New Guinea’s businesses are settling into new normal

12 May 2021 by Business Advantage PNG Leave a Comment

There are signs of optimism in the Papua New Guinea business community, according to a survey of market conditions by the Business Council of Papua New Guinea. It suggests that, while the pandemic has exacted a severe financial toll, businesses have now ‘settled’ and are navigating the challenges of the new environment.
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Economic environment in Papua New Guinea to remain challenging, says ADB

5 May 2021 by David James Leave a Comment

Papua New Guinea’s economy will recover modestly in 2021 and 2022, but financial stresses will persist, says the Asian Development Bank's Asian Development Outlook for 2021. It also argues strongly for the reform of PNG's state-owned enterprises.
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Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]

Economy/Investment

What is Fortescue Metals Group doing in Papua New Guinea?

World Bank increases support for Papua New Guinea

Gradual devaluation of Papua New Guinea’s currency would be ‘helpful’, says banker

Fitch warns of potential political ‘flashpoints’ in Papua New Guinea but notes boosted confidence

2021 PNG 100 CEO Survey: a snapshot of the effects of COVID-19 in Papua New Guinea [analysis]

Economic update: Beyond COVID-19 in Papua New Guinea

‘A hint of optimism’: Business Council says Papua New Guinea’s businesses are settling into new normal

Economic environment in Papua New Guinea to remain challenging, says ADB

Rents take a tumble in Papua New Guinea’s capital, Port Moresby

Economy on the mend, says Bank of Papua New Guinea Governor

Editor’s picks

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

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