Financial services: a sector profile

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A profile of the financial services sector in Papua New Guinea, including information on banks, finance companies, capital markets, superannuation and insurance.

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What Papua New Guinea’s central bank is saying about the economy

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Ahead of this week’s expected Supplementary Budget, the Bank of Papua New Guinea’s September Monetary Policy Statement points to continued financial pressures, despite a strong trade performance. David James considers what it means for foreign exchange and domestic demand.

Opinion: five things the Marape Government can do to foster economic recovery in Papua New Guinea

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What can the Prime Minister and his team do to support a sustained recovery? ANU’s Stephen Howes offers his suggestions.

MYEFO: Papua New Guinea’s international debt standing and forex still a problem

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What the Mid-Year Economic and Fiscal Outlook reveals about Papua New Guinea’s international debt standing and foreign exchange markets.

Manufacturing and transportation up in Papua New Guinea despite challenges in other sectors

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The Bank of Papua New Guinea’s Quarterly Economic Bulletin reports sales were strong in the manufacturing and transportation industries during the September quarter of 2018. But in other sectors revenues were revealed to be either patchy or poor. David James gives us an overview of these sectors.

What Papua New Guinea’s gold industry can expect in the global markets

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Gold is one of Papua New Guinea’s oldest export industries. Volumes have been volatile but the prospects for the sector look good, according to an expert at the World Gold Council. 

Exports booming but a mood of austerity, Bank of Papua New Guinea Quarterly Economic Bulletin suggests

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The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the December 2018 quarter. David James analyses the report and what it means for business.

Bank of Papua New Guinea urges tougher stance on new resources projects

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The March Monetary Policy Statement from the Bank of Papua New Guinea has urged the government to rethink the way it negotiates concessions and tax exemptions with new resources projects. Taking a strong position, it points to how previous agreements have been a factor in foreign exchange shortages and adverse trends in government finances.

Papua New Guinea’s new finance sector strategy a response to ‘staggering’ growth

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Massive growth in participation has forced the Papau New Guinea Government to come up with new strategies for the finance sector and financial inclusion. Business Advantage PNG’s David James reviews the strategies and finds a greatly enhanced role for the central bank.

In Brief: World Bank report predicts 5 per cent GDP growth for Papua New Guinea and other business stories

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New World Bank report predicts 5% GDP growth for Papua New Guinea in 2019, consumer protection in financial services, and Bloomberg puts a value on Panguna mine. Your weekly digest of the latest business news.