Reinvesting earnings and paying attention to the core customers has enabled engineering and industrial suppler Bishops to ride out the peaks and troughs of the Papua New Guinea economy. General Manager Len Pianta explains to Business Advantage PNG how the company has taken a long term view.
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Revealed: how industrial supplier Bishops has ridden out Papua New Guinea’s economic cycles
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12 Oct 2016 by 1 Comment
Opinion: Papua New Guinea through the lens of Australian newsprint media
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11 Oct 2016 by Leave a Comment
Australian National University researcher Anthony Swan explores how Australians’ perceptions of Papua New Guinea are influenced by the Australian media.
Five things we learned from the Bank of Papua New Guinea’s Economic Outlook
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29 Sep 2016 by Leave a Comment
Loi Bakani, Governor of the Bank of Papua New Guinea has presented his Economic Outlook. It contains a few surprises.
Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage
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26 Sep 2016 by 1 Comment
The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
Tributes for Sir Mick Curtain, ‘promoter of Papua New Guinea’s potential’
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21 Sep 2016 by 3 Comments
The late Sir Mick Curtain should be remembered for many of the infrastructure projects in Papua New Guinea that were undertaken over the last 50 years, according to Prime Minister, Peter O’Neill.
Demand for affordable housing sees price rises, according to Papua New Guinea property survey
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13 Sep 2016 by 3 Comments
Demand for residential houses among the growing urban population, especially in Port Moresby, has increased but the supply of quality and affordable houses has seen prices rise ‘exhorbitantly’, according to a new survey of the housing market by consultancy Niugini Land and Property.
What’s behind Papua New Guinea’s supplementary budget?
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31 Aug 2016 by 1 Comment
The Papua New Guinea government has released its Supplementary Budget to adjust to ‘tough’ economic conditions. It assumes lower economic growth, a weaker exchange rate and higher inflation.
Top bankers set the record straight on Papua New Guinea’s foreign exchange shortage
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31 Aug 2016 by 2 Comments
Papua New Guinea’s top two bankers, Loi Bakani, Governor of the Bank of Papua New Guinea and Robin Fleming, Chief Executive of Bank South Pacific, have asserted that the kina is not ‘controlled’. The shortage of foreign exchange is rather due to supply demand imbalances—but there is light at the end of the tunnel.
Opinion: What you need to know about Papua New Guinea’s new Cybercrime Act
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23 Aug 2016 by 23 Comments
The Papua New Guinea Government has passed the Cybercrime Bill, which applies to the use of electronic systems and devices, including: spam, hacking, forgery and computer fraud. Zinnia Dawidi, a lawyer specializing in IT & Telecommunications Law, outlines the implications for businesses and individuals.
Papua New Guinea’s broadband network ‘on track’, but there will be challenges, says analyst
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17 Aug 2016 by 1 Comment
The rollout of PNG’s National Transmission Network is on track for completion later this year. It will transform the nation’s digital highway, but that does not mean there will not be challenges, telecommunications analyst Henry Lancaster tells Business Advantage PNG.
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