The sluggish Papua New Guinea economy is triggering a bout of rationalisation, two of the recent examples being in the banking and manufacturing sectors.
Analysis: Papua New Guinea companies using rationalisation to adapt to weaker economic conditions
Welcome,
10 Jul 2018 by Leave a Comment
Kina to acquire ANZ’s retail and commercial/SME businesses in Papua New Guinea
Welcome,
26 Jun 2018 by 1 Comment
ANZ Bank and Kina Bank have announced they have entered into an agreement for ANZ to sell its retail and commercial/small-to-medium-sized enterprise (SME) banking businesses to Kina for K24.2 million. Both banks claim the move is in line with their strategies.
Foreign exchange restrictions will not ease in Papua New Guinea until new investment flows come, says ANZ MD
Welcome,
29 May 2018 by Leave a Comment
The Managing Director of ANZ Papua New Guinea, Mark Baker, has said the foreign exchange restrictions are not likely to ease until a major new resources investment comes in. But in the interim he believes the Government is connecting well with business.
ANZ economist claims Papua New Guinea on verge of boom
Welcome,
15 May 2018 by 2 Comments
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
Welcome,
1 May 2018 by Leave a Comment
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.
In brief: Papua New Guinea on the cusp of a ‘super cycle’ in mining investment, says the ANZ, and other business stories
Welcome,
24 Apr 2018 by Leave a Comment
Papua New Guinea economy on the cusp of a mining boom, kina’s fair value ‘around US 23-25 cents’, and niche tourism could nearly triple tourism numbers in 10 years. Your weekly digest of the latest business news.
Commodity cycle turning up, says ANZ economist
Welcome,
23 Jan 2018 by Leave a Comment
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
Welcome,
18 Oct 2017 by 1 Comment
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.
In brief: More than just a Supplementary Budget needed says UN Country Manager, and other business stories
Welcome,
16 Aug 2017 by Leave a Comment
Roy Trivedy says Supplementary Budget is essential but not enough, Telikom and bmobile merger approved, visas for SME workers on hold.
In brief: Frieda River partners go into arbitration, and other business stories
Welcome,
18 Jul 2017 by Leave a Comment
Frieda River partners seek arbitration to resolve dispute, Livestock Development Corporation ‘defunct’ and food labelling remains an issue. Your weekly digest of the latest business news.
USD 0.2629
AUD 0.402
GBP 0.2102
EUR 0.2451
NZD 0.4408
JPY 41.04
SGD 0.3576
Recent readers’ comments