In Brief: Papua New Guinea’s growth to rebound in 2019 and other business stories

Welcome,

ANZ releases a positive economic outlook for PNG, James Marape resigns as Finance Minister and the Boluminski Highway in New Ireland province is open. Your weekly digest of business news.

In Brief: signing of the Papua LNG project agreement deferred and other business stories

Welcome,

The signing of the Papua LNG project deferred, PNG LNG signs Singapore deal, and Minister flags new Mining Act. Your weekly digest of the latest business news.

Foreign exchange becoming more available, says BSP’s CEO Robin Fleming

Welcome,

Robin Fleming, Chief Executive of Bank South Pacific – Papua New Guinea’s biggest bank – says foreign exchange availability is improving. In this exclusive interview with Business Advantage PNG, he also discusses BSP’s approach to risk, and its new digital offerings.

In brief: PNG Power’s APEC commitment, and other business stories

Welcome,

Oil Search’s strong result, PNG Power promises, and a loan agreement for Crater Gold Mining. Your weekly digest of the latest business news.

Sovereign bond an ‘important milestone’ for Papua New Guinea that should affect interest rates, says BSP’s Fleming

Welcome,

The US$500 million sovereign bond raising will improve foreign exchange cash flows, according to Robin Fleming, Chief Executive of Bank South Pacific. He tells Business Advantage PNG that it represents an ‘important milestone’ for Papua New Guinea’s financial system.

Sovereign bond issue will ‘test’ Papua New Guinea’s market access, says Standard & Poor’s

Welcome,

The Papua New Guinea government has begun spruiking its sovereign bond issue with a series of meetings with investors in Singapore, Hong Kong, London and the US, led by Treasurer Charles Abel. However, while Standard and Poor’s has given the issue a ‘B’ stable rating, others say the government may have to offer a premium to attract investors.

LNG prices have continued to decline and cocoa also falls sharply: a monthly review of Papua New Guinea’s commodity and financial markets.

Welcome,

LNG prices have shown continued weakness and the cocoa price has also dropped. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.

People moves: Bank South Pacific, Credit Corp, Kutubu Special Purpose Authority, Oil Search, Westpac Outstanding Woman of the Year

Welcome,

BSP appoints new General Manager for Pacific Islands, new board appointments at Credit Corp, new board members at Kutubu Special Purpose Authority, resignation at Oil Search and Westpac chooses its Outstanding Woman of the Year.

In brief: Nambawan Super profit of K406 million, and other business stories

Welcome,

Nambawan Super profit of K406 million, Bank South Pacific reports net profit of K1.99 billion, government agencies locked out of offices for allegedly non-payment of rents. Your weekly digest of the latest business news.

Oil prices steady but LNG prices weaker: a monthly review of Papua New Guinea’s commodity and financial markets.

Welcome,

Oil prices are up and copper is also strong, but LNG has weakened. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.