Trade Minister Richard Maru wants trade issues with Fiji resolved this month, UBS buys into Kina Securities, and ANZ offers debit cards in PNG.
Lowy Institute
In the first article in this two-part series, Jenny Hayward-Jones outlined seven key issues that confront Papua New Guinea’s emerging leaders. In this second part, she identifies the long-term trends that will challenge PNG and four areas of reform that would—if focused on—yield the greatest gains for the country.
Papua New Guinea’s first LNG project has transformed the country’s exporting landscape, with Japan overtaking Australia as its number one trading partner. China will also become a major source of funds, taking over from Australia and global lending agencies. But don’t expect the broader bilateral relationships to change quickly.
A new paper by experienced Pacific journalist Sean Dorney argues passionately for a re-think of Australia’s relationship with Papua New Guinea. As its title suggests, The Embarrassed Colonialist paints a portrait of a country that hasn’t quite worked out how to engage with his nearest neighbour.
The 2016 Budget was one of emergency for PNG. Adjusting to a 20% collapse in revenue caused by plummeting commodity prices and an economic slow-down, the government has implemented harsh expenditure cuts.The Lowy Institute’s Jonathan Pryke examines the budgetary impact of holding the APEC summit in Port Moresby in 2018.
The Papua New Guinea Government has made tough decisions in its 2016 Budget to avoid a cash and macroeconomic crisis. Business Advantage PNG talks to some experts on how the budget measured up to expectations, and what is still needed.
The suspension of a second mine in Papua New Guinea has highlighted the impact of the El Nino drought, which is also severely affecting the agriculture industry. Just how long the drought continues for will determine the long-term effects, according to Paul Barker, the Executive Director of the Institute of National Affairs.
Progress in fostering economic and social development is threatened by the recent drop in global energy prices. Paul Barker provides practical ways to minimise the impact of the downturn.
Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.
Pacific leaders have been the recipients of largesse from India’s Prime Minister and China’s President, who met in Fiji last week. Meanwhile, a new ANZ report details the increasingly close links between China’s aid and its investment in the Pacific.