The PNG Government plans to rebuild the country’s military barracks by 2017, InterOil halts drilling at Wahoo-1, and Bank of South Pacific plans share buyback. Your weekly digest of the latest business news.
In brief: Government to deliver military infrastructure upgrades, and other business stories
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16 Jul 2014 by Leave a Comment
Analysis: boosting confidence in economic policies crucial for Papua New Guinea government
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2 Jul 2014 by Leave a Comment
The rapidly weakening kina, deficit spending and the financing of government debt is piling pressure on the Papua New Guinea government to boost economic confidence. Economist Dr Mark Evans considers some of the issues facing both government and business.
In brief: Papua New Guinea Treasurer says banks’ kina trading range too high and other stories
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25 Jun 2014 by
Banks trading ‘well and above’ preferred kina rate, minister wants business contracts under K10 million to be reserved for Papua New Guineans, and Bakani says reserves will last seven months. Your weekly digest of the latest business news.
In brief: Prime Minister resists arrest warrant and other stories
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18 Jun 2014 by Leave a Comment
Prime Minister Peter O’Neill refuses to step aside after corruption claims, courts approve UBS loan repayments and Papua New Guinea’s financial system is worth nearly K40 billion. Your weekly digest of the latest business news.
Stronger kina will affect exporters, say business leaders
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12 Jun 2014 by Leave a Comment
The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.
Bank of Papua New Guinea intervenes on kina
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5 Jun 2014 by 3 Comments
The Bank of Papua New Guinea this week made a surprising move to support a weakening currency, at the same time acting to restrict the margins being made by the country’s foreign exchange dealers.
In brief: BSP’s bid for Credit Corporation fails and other stories
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23 Oct 2013 by
Credit Corporation shareholders decide not to sell up to BSP, while Papua New Guinea business visa fees rise sharply and Ok Tedi landowners threaten to close the mine in the latest dispute over the government’s takeover.
In brief: First LNG shipment on board ship this week and other business stories
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15 May 2014 by Leave a Comment
First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.
Kina continues to fall after Christmas rally
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30 Apr 2014 by Leave a Comment
PNG’s kina has continued to fall against its major trading currencies, and is now at levels below those of September 2013, following a brief rally in late 2013 and early 2014.
Retail and manufacturing sales down in Papua New Guinea
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2 Oct 2013 by Leave a Comment
Papua New Guinea’s retailers and manufacturers alike reporting significant drops in revenue this year. How serious is the downturn?
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