Tuna agreement ‘disappointing’, call for better rural roads funding, new nursery to raise borer-resistant cocoa. Your quick digest of the week’s business news.
Asian Development Bank (ADB)
The Pacific demands tuna catch limits, a corruption report injunction lifted, and a call for a national debate on foreign investment laws. Your quick digest of the week’s business news.
Government ministers and influential economic analysts have welcomed the recent fall in the value of the kina, saying it will boost demand for exports.
The Papua New Guinea Government has increased its stake in mobile phone company Bemobile, following the collapse of a deal with the Fiji National Provident Fund.
The third edition of The PNG Investors’ Manual, a publication designed to help companies do business in Papua New Guinea, was launched on Monday by Papua New Guinea’s Prime Minister, Peter O’Neill.
Papua New Guinea’s Treasurer Don Polye gave a comprehensive update on the nation’s economic outlook last week. We asked analysts for their reaction.
Violence in Papua New Guinea gets wide international coverage but, closer to home, Australian media focuses on some good news stories.
Papua New Guinea must be more than an exporter of raw materials and must embrace innovation and new technologies to open up new business opportunities, according to the president of the Asian Development Bank, Takehiko Nakao.
Papua New Guinea’s gross domestic product is set to increase by 5.5% in 2013, according to the Asian Development Bank’s latest Pacific Economic Monitor, released last week. This is compared to growth of 9.2% in 2012.
The long-awaited project to expand Lae’s port is ‘ahead of schedule’, according to the Asian Development Bank’s Vice President (Operations 2) Stephen Groff, who visited Papua New Guinea last week to inspect progress.