The IMF’s report on Papua New Guinea has suggested that the PNG Government has responded to pressures on the budget and foreign exchange shortages. But it says that more attention should be given to the deals offered to foreign mining companies.
In brief: Further delay in start of Pacific Marine Industrial Zone, and other business stories
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31 Jan 2017 by Leave a Comment
China wants extra loan to fund PMIZ, unions concerned about housing tax on employees, Bank PNG questions accuracy of IMF economic report. Your weekly digest of the latest business news.
People moves: Paradise Foods, Bank of Papua New Guinea, KPMG, NASFUND
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24 Jan 2017 by Leave a Comment
Managing Director of Paradise Foods steps down, Bakani re-appointed as Central Bank Governor, KPMG appoints a new Managing Partner, four new NASFUND executives.
In brief: Vote on revised InterOil takeover bid in February, and other business stories
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18 Jan 2017 by Leave a Comment
InterOil shareholders to vote on revised takeover bid by ExxonMobil in February, government debt rises in September quarter, Oil Search and Kumul Energy to evaluate proposed power projects. Your weekly digest of the latest business news.
People moves: Bank of Papua New Guinea, Investment Promotion Authority, BOC, BSP
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15 Nov 2016 by
A new Deputy Governor of Bank PNG, an acting Managing Director at the Investment Promotion Authority, a new regional Managing Director at BOC, Director resigns from BSP
Five things we learned from the Bank of Papua New Guinea’s Economic Outlook
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29 Sep 2016 by Leave a Comment
Loi Bakani, Governor of the Bank of Papua New Guinea has presented his Economic Outlook. It contains a few surprises.
In brief: Interoil shareholders approve ExxonMobil takeover, and other business stories
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28 Sep 2016 by Leave a Comment
Eighty per cent of Interoil shareholders approve of ExxonMobil’s takeover bid, PNG economy to grow by two-to-three per cent, and plans for a new shipyard in Madang. Your weekly digest of the latest business news.
Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage
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26 Sep 2016 by 1 Comment
The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
Saving key to improving credit to Papua New Guinea business, say top bankers
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7 Sep 2016 by 3 Comments
The greatest challenge facing Papua New Guinea’s financial system and businesses is to establish saving in the country’s mostly unbanked population. That is the message from three of the country’s top bankers.
Business Advantage Boardroom, Episode 1: Papua New Guinea’s top bankers discuss the financial services sector
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1 Sep 2016 by Leave a Comment
Papua New Guinea’s top bankers discuss the kina, foreign exchange shortages, finance for business and the future of banking services.
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