The Papua New Guinea economy is on the edge of a ‘slippery slope’, if the Bank of PNG finances government debt and continues to fix the exchange rate at too high a rate. Former Australian Treasury advisor Paul Flanagan says compounding the problems are rising inflation, falling foreign exchange reserves, and declining private sector credit growth.
Search Results for: Papua LNG
Opinion: Using the central bank to finance Papua New Guinea’s deficit is a ‘slippery slope’
Welcome,
29 Oct 2014 by 3 Comments
Cott Oil and Gas focuses on Pandora gas field’s potential for floating LNG
Welcome,
29 Oct 2014 by
Cott Oil and Gas Ltd has undergone a restructure to allow the company to focus on developing what could be Papua New Guinea’s first floating liquefied natural gas (FLNG) project – at the Pandora gas field in the Gulf of Papua. Cott’s Managing Director Andrew Dimsey outlines the company’s plans to Business Advantage PNG.
The next wave of investment opportunities in Papua New Guinea
Welcome,
9 Oct 2014 by 1 Comment
The successful completion of the PNG LNG project has turned the focus onto where new investment opportunities lie. Senior representatives from the IFC, Austrade and Nambawan Super got together at the recent Papua New Guinea Advantage Investment Summit to share their thoughts.
The quotable 2014 Papua New Guinea Advantage Investment & Infrastructure Summit
Welcome,
11 Sep 2014 by 2 Comments
The Papua New Guinea Advantage Investment and Infrastructure Summit was held in Port Moresby this week. Over two days, delegates heard about Port Moresby becoming ‘the Dubai of the Pacific’, tax incentives in the 2015 Budget and how to develop relationships with Chinese business. Here are some highlights.
In brief: PNG LNG project makes a significant contribution to landowner companies, and other business stories.
Welcome,
11 Sep 2014 by Leave a Comment
Local landowner companies benefit from PNG LNG project, PNG Government takes Woodlark stake, and Buka Airport disrupted by shut down. Your weekly digest of the latest regional business news.
ANZ suggests a Papua New Guinea government bond issue to finance deficit spending
Welcome,
27 Aug 2014 by 3 Comments
The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century.
In brief: Crime and violence affects 80% of Papua New Guinea businesses, and other business stories
Welcome,
20 Aug 2014 by
Crime and violence slowing business growth, Robusta coffee production to be boosted, and women’s bank launched
Opinion: Boosting the domestic economy is the key to increasing Papua New Guinea growth
Welcome,
13 Aug 2014 by 1 Comment
The creation and now the production of the LNG plant highlights the next major challenge facing Papua New Guinea: How to grow the non-mining sectors. Economist Dan Gay says the key is to grow the domestic economy, and the internet and service industries.
Program firms up for Papua New Guinea Advantage Summit
Welcome,
13 Aug 2014 by
September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.
Creating jobs is the challenge in Papua New Guinea, says Asian Development Bank
Welcome,
9 Jul 2014 by Leave a Comment
One of the biggest economic and social challenges facing the PNG government is jobs growth for its rapidly growing workforce in a post-LNG construction economy, according to the Asian Development Bank’s latest report card.
Recent readers’ comments