The Asian Development Bank’s departing Papua New Guinea economist, Aaron Batten, says agriculture is the big winner with the current downturn in commodity prices, while its Country Director Marcelo Minc flags further bank investment in PNG.
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The Governor of the Bank of Papua New Guinea says his recent directives on dealing in the kina are not meant to frighten or scare the market, but to help address the imbalance in the foreign exchange market and restore order.
Papua New Guineans aiming to start a small and medium enterprise (SME) have been buoyed by the revival of the previously successful Stret Pasin Stoa Scheme, which adds to the number of programs helping the country develop a small business sector.
Two new board members for Puma Energy, a new CEO for Digicel PNG and Indochine Mining company secretary departs.
The Port Moresby Stock Exchange will lose a major member next week, with the de-listing of New Britain Palm Oil (NBPOL). Meanwhile, another listed stock, Indochine Mining, has gone into voluntary administration.
Companies and dealers ‘adversely affected’ foreign exchange availability in Papua New Guinea, Bougainville Government considers large-scale mining, and Asian Development Bank commits K1.7 billion to PNG. Your weekly digest of the latest business news.
Papua New Guinea’s potential as a market for ice cream will be put to the test when Laga Industries completes a significant expansion of its Gala manufacturing facilities in Lae later this year.
PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.
Search for new CEO at New Britain Palm Oil
A recent online survey to identify Papua New Guinea’s most recognisable brands suggests that traditional marketing techniques still hold sway in PNG. But for how much longer?