The rapidly weakening kina, deficit spending and the financing of government debt is piling pressure on the Papua New Guinea government to boost economic confidence. Economist Dr Mark Evans considers some of the issues facing both government and business.
Last August, the O’Neill government announced a policy to create an agricultural ‘hub’ around Mount Hagen in Papua New Guinea’s Western Highlands Province. Business Advantage PNG asked business leaders and analysts what was needed for the region to achieve its potential.
The signing of the first major backer for a new Papua New Guinea television drama series paves the way to develop a local TV production industry, according to the show’s producers.
InterOil Corporation has finalised a US$300 million loan, which it will use to explore the Eastern Papua Basin of Papua New Guinea.
Because computer use has become an integral part of modern-day life and work, keeping information technology secure has become a concern for all businesses, from the sole trader to large corporations. Robert Blackman offers ten steps you can take to help safeguard your company’s IT systems from digital destruction.
The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.
The Pacific’s increasing integration with Asia, elections in Fiji and more leadership from Papua New Guinea are just some of the factors likely to shape the region over the coming year, according to the region’s three top bankers. In exclusive interviews with all three, Business Advantage PNG canvasses their thoughts on the year ahead.
The Papua New Guinea Government has tabled in Parliament its proposed changes to the country’s constitution, reflecting the state’s ownership of hydrocarbons and minerals. Vaughan Mills and Sarah Kuman analyse the implications of these amendments.
The Bank of Papua New Guinea this week made a surprising move to support a weakening currency, at the same time acting to restrict the margins being made by the country’s foreign exchange dealers.
Coffee farmers in the Papua New Guinea’s Western Highlands and Jiwaka provinces are planning to capitalise on the growing global demand for sustainable Arabica coffee. With the help of a young entrepreneur who grew up on plantations in the region, they have an ambitious plan to double annual production within two years.