Forex squeeze: is Papua New Guinea’s stable kina a liability?

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As a thinly traded currency, the kina has been protected from some of the volatility affecting world markets in the wake of COVID-19, but that presents its own set of problems.

Waiting for the party to begin: the future of Papua New Guinea’s National Development Bank

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In a wide-ranging chat with Business Advantage PNG, the Managing Director of Papua New Guinea’s state-owned National Development Bank, Moses Liu, talks about becoming an emerging force in Papua New Guinea’s banking sector.

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LNG’s role in Papua New Guinea’s foreign exchange challenges

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The lack of foreign exchange is having a deep impact on Papua New Guinea’s financial system. A new World Bank report shows that mining is the biggest generator of foreign exchange in PNG, but what about LNG projects?

Papua New Guinea heading into a forex squeeze – World Bank

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A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.

Five questions for YuTru’s Tony Willenberg

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YuTru, Papua New Guinea’s first digital identification or ‘trust framework’, will enable more people to access and participate in the online economy. In this exclusive interview with Business Advantage PNG, Tony Willenberg, consultant to the project, tells us how YuTru is progressing.

In brief: Papua New Guinea’s Treasurer announces a deal to address forex issues and other business stories

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Treasurer Ian Ling-Stuckey announces a deal with the Bank of Papua New Guinea to improve the availability of forex in the country, the Australian Government and the International Monetary Fund pledge to help PNG in its medium term revenue strategy, and Lihir Gold Mining Limited to pay K54 million directly to landowners. Your weekly digest of business news.

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.