The Pacific’s tourist sector has been resilient to the falling Australia and New Zealand dollars, according to the July ANZ Bank Pacific Monthly update.
ANZ (including ANZ PNG)
Papua New Guinea’s currency, the kina, has lost around eight percent of its value against the US dollar over the past 12 months. What does this mean for business?
This month, global gold, copper and silver prices hit lows not seen for over two years, causing commentators around the world to suggest that the global mining boom, driven largely by demand from China, is over. How could this effect Papua New Guinea?
Papua New Guinea enters 2013 with a new government in place, a major gas project nearing completion and some ambitious development goals, reports Business Advantage PNG’s Andrew Wilkins.
Australia gets a new Parliamentary Secretary for the Pacific while ANZ loses its head of international banking.
Geoffrey Buchanan has been appointed ANZ’s new Chief Executive Officer for the Solomon Islands. Vanguard International has appointed Peter Garnsey as Executive Director in charge of its labour hire/contractor division.
A small nation with vast reserves of natural resources… sustained and stellar GDP growth despite a challenging operating environment… tension between foreign investors and those in the local population who believe their birthright is being sold off too cheaply… a copper and gold mine large enough to contribute a third of the nation’s GDP.
POMCCI’s Chief Executive David Conn identifies the key messages for the local business community from recent speeches from Peter O’Neill & ANZ’s Mike Smith
Sorcery killing
Business Advantage PNG spoke with the region’s three most senior bankers to get their thoughts on the year ahead.