In brief: Government plans five new highways and other business stories

Government plans to build and open five new highways, Milbank launches women-only credit card, and PNG Power to upgrade two projects in Eastern Highlands and East New Britain. Your weekly digest of the latest business news. 

In brief: ANZ Bank expects kina to rise with next round of LNG projects, and other business stories

ANZ Bank expects Kina to rise above $0.35 cents from early 2020, Ramu 2 hydropower project to commence next March, and security preparations for APEC step up. Your weekly digest of the latest business news. 

Clever thinking required to solve Papua New Guinea energy issues, say experts

Papua New Guinea has some ambitious plans to expand its population’s access to electricity. However, boosting electricity supply across the country requires ‘some very clever thinking,’ say energy analysts.

Analysis: Papua New Guinea companies using rationalisation to adapt to weaker economic conditions

The sluggish Papua New Guinea economy is triggering a bout of rationalisation, two of the recent examples being in the banking and manufacturing sectors.

ANZ economist claims Papua New Guinea on verge of boom

Papua New Guinea is on the verge of a resources boom, according to Kishti Sen, International Economist for the ANZ Banking Group. He told the recent Australia–Papua New Guinea Business Forum that the challenge is to manage the economic cycles.

In brief: Papua New Guinea to issue Eurobond later this year, and other business stories

A US$500 million Eurobond to be issued later this year, Government owes US$88 million to local businesses and February earthquake bill to cost five percent of government expenditure. Your weekly digest of the latest business news.

Commodity cycle turning up, says ANZ economist

The long commodity bear market is coming to an end, according to Richard Yetsenga, Chief Economist for the ANZ Banking Group. He also observes that, in a world growing more sceptical about globalisation, there is growing competition for foreign direct investment.

In brief: Leading banker calls for more foreign exchange injection, and other business stories

BSP wants another US$100-200m foreign exchange injection, Air Niugini expects local business benefits from Rugby League games, and gold refinery to expand. Your weekly digest of the latest business news.

People moves: ANZ, BSP, Goodman Fielder

A new board chairman for ANZ, a new board member for BSP and a new General Manager at Goodman Fielder.

Papua New Guinea to benefit from ANZ reorganisation, says MD Mark Baker

Changes in ANZ’s Asia-Pacific strategy could provide benefits to Papua New Guinea, ANZ’s Managing Director in PNG, Mark Baker. He also tells Business Advantage PNG he sees growth potential from PNG’s rising middle class, while mobile phone banking has moved past traditional PC based internet banking services.