Despite being the biggest Pacific nation, PNG is lagging behind its neighbours, holding only 10% of the regional tourism market, says the Governor of the Bank of Papua New Guinea, Loi Bakani. And on a global scale, PNG ranks last in terms of benefitting economically from tourism.
Reserve Bank Governor says Papua New Guinea has a lot to learn from Fiji about tourism
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26 Oct 2015 by 7 Comments
In brief: Hope that SABLs leases will be return to landowners soon, and other business stories
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7 Oct 2015 by Leave a Comment
Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his ‘full price’. Your weekly digest of the latest business news.
Spending cuts loom in Papua New Guinea Supplementary Budget; central bank governor to review kina restrictions
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2 Sep 2015 by 1 Comment
The Papua New Guinea government will cut K1.6 billion in expenditure from its 2015 Budget, and may seek further cuts of K1 billion, according to Treasury Secretary, Dairi Vele.
LNG sales drives massive rise in Papua New Guinea exports in 2014
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8 Jul 2015 by Leave a Comment
Exports from Papua New Guinea rose 64 per cent in value during 2014 to K21,903.6 million, largely due to the start of LNG production, according to the Bank of Papua New Guinea.
In brief: Credit Corp profit down after completion of LNG plant, and other business stories
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1 Jul 2015 by Leave a Comment
Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.
Papua New Guinea Queen’s Birthday Honours list 2015: four new knights
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17 Jun 2015 by 2 Comments
Four new Knighthoods are among a total of 91 Papua New Guineans recognised by the Queen in this year’s Queen’s Birthday Honours list.
In brief: Treasury to review 2015 Papua New Guinea Budget, and other business stories
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27 May 2015 by Leave a Comment
Falling commodity prices and rating outlook drop prompts Budget review, O’Neill supports Madang marine zone and new police chief to boost numbers in Port Moresby. Your weekly digest of the latest business news.
Analysis: fall in LNG prices prompts call for Papua New Guinea mini-Budget
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13 May 2015 by Leave a Comment
The impact of the fall in LNG prices since the 2015 Budget was prepared in October last year warrants a mid-year mini-Budget, according to prominent economist Paul Flanagan.
Economic update: Papua New Guinea changes gear
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28 Apr 2015 by 7 Comments
Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy.
Liquidity a major source of risk for Papua New Guinea businesses, says ANZ report
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8 Apr 2015 by Leave a Comment
Liquidity conditions have emerged as a major source of risk for the PNG economy, as the central bank governor reveals he spent US$570.9 million (K1.48 billion) to support the kina last year.
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