The Bank of Papua New Guinea expects a ‘windfall’ from higher international commodity prices to alleviate some of the country’s foreign exchange shortages. However, anecdotal evidence suggests the forex situation is actually getting worse.
Foreign exchange shortages still biting business in Papua New Guinea
Welcome,
27 Oct 2022 by Leave a Comment
What are Telstra’s plans for Digicel Pacific?
Welcome,
26 Oct 2021 by 4 Comments
Australia’s largest telco has agreed to buy Digicel Pacific. Business Advantage PNG considers what we know about its plans for the company.
More jobs, better recovery strategy: what Papua New Guinea’s economy needs to thrive
Welcome,
10 Mar 2021 by Leave a Comment
The most important economic issue facing Papua New Guinea is job generation, according to Douveri Henao, Executive Director Business Council of PNG, and Paul Barker, Executive Director of the Institute of National Affairs.
Impediments: What’s really holding Papua New Guinea business back?
Welcome,
26 Feb 2020 by Leave a Comment
Foreign exchange has gone from being a big business problem to becoming a major impediment for all businesses in Papua New Guinea. What does the future hold for this and other challenges facing business?
One country, two economies: Papua New Guinea’s economic paradox
Welcome,
6 Nov 2019 by 1 Comment
Is Papua New Guinea better understood as two economies rather than one? Two economists examine the complexity of the country’s position.
A change of leadership at PNG Power: what next?
Welcome,
30 Aug 2019 by Leave a Comment
Acting Managing Director Carolyn Blacklock has resigned from state-owned utility, PNG Power. The announcement comes with the state-owned utility on the cusp of launching a new ‘reform agenda’.
Papua New Guinea’s new cabinet brings optimism to business community
Welcome,
17 Jun 2019 by Leave a Comment
The new cabinet announced by Prime Minister James Marape has many sound choices, according to Paul Barker, Executive Director of the Papua New Guinea Institute of National Affairs. He tells Business Advantage PNG that there is optimism in the business community about the new government.
Papua New Guinea proposes foreign investment reforms
Welcome,
6 Feb 2019 by 3 Comments
Last month, the Papua New Guinea Government tabled the Foreign Investment Regulatory Authority Bill in Parliament. What is the bill designed to achieve and why is the business community concerned? Business Advantage PNG investigates.
2019 Budget aims to broaden economy and increase expenditure and revenue
Welcome,
14 Nov 2018 by Leave a Comment
The Treasurer, Charles Abel, has handed down the 2019 Budget, revealing a 12 per cent jump in revenues and a 9 per cent jump in expenditures. He announced changes to the income tax threshold, and an increase in capital expenditure.
Australia announces A$3 billion Pacific Infrastructure Bank package
Welcome,
13 Nov 2018 by 4 Comments
The Australian Government has announced plans to set up an infrastructure bank as part of a A$3 billion suite of measures aimed at countering China’s influence in the southwest Pacific and lifting its own engagement in the region. Regional analysts say the funds need to go to Micro, Small to Medium Enterprises (MSMEs), as well as SMEs, and for small projects in remote areas.
USD 0.2840
AUD 0.3992
GBP 0.2294
EUR 0.2612
NZD 0.4374
JPY 36.91
SGD 0.3732
Recent readers’ comments