Australians can now obtain a 30-day visa on arrival, Botten says Elk-Antelope could need at least two new LNG trains, and Treasurer confident cash flow enough for health, education and infrastructure spending. Your weekly digest of the latest business news.
Higher government spending could reduce Papua New Guinea’s debt burden, says economist Satish Chand
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27 Jun 2016 by Leave a Comment
Papua New Guinea’s debt levels relative to the size of its economy could actually go down if the government increased spending, according to Satish Chand, Professor of Finance in the School of Business at the University of New South Wales. Mounting an argument that goes against conventional wisdom, he contends that as long as the government investment is well managed and receives a strong return, the long term benefits will outweigh the short term risks.
Papua New Guinea cocoa production rising but borer disease a constant threat
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16 Mar 2016 by 3 Comments
Papua New Guinea’s cocoa industry is recovering from the pest, but the cocoa pod borer (CPB) still presents a major challenge and is unlikely ever to be fully eradicated, Cocoa Board of PNG project manager John Moxon tells Business Advantage PNG.
In brief: Ok Tedi mine reopens and other Papua New Guinea business stories
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2 Mar 2016 by Leave a Comment
Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.
Profile: Steffi Stallmeister, PNG Country Manager, World Bank
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28 Oct 2015 by 1 Comment
Infrastructure development and improving the agricultural sector are the two key focusses for World Bank financing in Papua New Guinea. But, on a personal level, it is education and its potential that inspires its PNG Country Manager, Steffi Stallmeister. She spoke to Business Advantage PNG.
World Bank says Papua New Guinea needs to avoid a possible ballooning budget deficit
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15 Oct 2015 by Leave a Comment
A World Bank report says Papua New Guinea government spending should be curbed to avoid a possible ballooning budget deficit.
Ratings agency revises Papua New Guinea outlook down, but maintains rating
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13 Oct 2015 by Leave a Comment
International ratings agency Standard and Poor’s has revised its outlook for Papua New Guinea from ‘stable’ to ‘negative’. While maintaining PNG’s B+/B rating, S&P’s Director of Sovereign & Public Finance Ratings explains to Business Advantage PNG why there’s a one-in-three chance the rating could be lowered in the next 12 months.
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.
Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range
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6 Oct 2015 by 1 Comment
As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.
Outsourcing of road design and construction paying off, says Papua New Guinea’s roads chief
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21 Sep 2015 by 5 Comments
Major road works in Papua New Guinea are now outsourced to the private sector, under a design-and-build model. The result, says the Secretary of the Works Department David Wereh, is improved performance.
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