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A weaker kina may make sovereign bond raising less risky, says economist

27 Jul 2016 by 4 Comments
The Papua New Guinea authorities should allow the currency to fall to its market level to make foreign bond raisings less risky says economist Rohan Fox. He tells Business Advantage PNG that domestic banks are reaching the limits of their capacity to take on government debt, which is increasing the pressure to raise capital internationally.
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The battle for InterOil: what’s in it for Papua New Guinea?

20 Jul 2016 by Leave a Comment
Next week, the Papua New Guinea-focused gas explorer InterOil may well have a new owner, after its shareholders consider rival offers from Oil Search and ExxonMobil. Business Advantage PNG considers the implications for PNG's second gas project, Papua LNG and the wider economy.
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Survival of Papua New Guinea industry threatened unless greater protection, say business figures

13 Jul 2016 by Leave a Comment
There is a growing call for greater protection of Papua New Guinea industry to respond to allegedly unfair international competition. A number of manufacturers tell Business Advantage PNG that most countries have used protectionism to foster their domestic industries and it is time for PNG to do the same.
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PanAust looks for ‘social licence’ to operate Frieda River mine in Papua New Guinea

12 Jul 2016 by 5 Comments
Frieda River, a wholly owned PNG subsidiary of PanAust, has lodged a Special Mining Lease application to Papua New Guinea’s Mineral Resources Authority to develop the Frieda River Copper-Gold Project. Glen Connell, PanAust’s General Manager, Government and Community Relations, tells Business Advantage PNG that developing a ‘social licence’ to operate is just as crucial to the success of the project.
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Papua New Guinea government facing ‘difficult’ cash flow challenge says ADB

6 Jul 2016 by Leave a Comment
The Papua New Guinea government faces challenges in managing its cash flow, according to Yurendra Basnett, PNG Country Economist for the Asian Development Bank (ADB). The ADB’s Outlook 2016 paper on the Asian region says PNG’s debt servicing costs are likely to rise. ‘Cash-flow management is growing more difficult for the government as commercial banks reach their […]
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Manufacturers survey: adapting to tougher economic conditions

6 Jul 2016 by Leave a Comment
Papua New Guinea’s manufacturers experienced difficult conditions in 2015 and many are concerned that things will get worse before they get better. David James talks to some of the key figures from the sector to find out how they are coping with the tough market conditions.
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