2016 WILL BRING PRESSURE ON PNG GOVERNMENT FINANCES AND CURRENCY, SAYS ASIAN DEVELOPMENT BANK
Papua New Guinea will find itself in a tight fiscal situation in 2016, according to the latest analysis by the Asian Development Bank’s economists. While more efficient public spending could yield large savings, they suggest more may need to be done to arrest the downward pressure on the currency. The latest edition of the Pacific […]
Newsletter Issue 27th November 2015
Click here for this week’s newsletter, dated 27th November 2015.
Newsletter Issue 20th November 2015
Click here for this week’s update, dated 20th November 2015.
Newsletter Issue 13th November 2015
Click here for our latest update, dated 13th November 2015.
Reaction to Papua New Guinea’s 2016 Budget: necessary cuts but still some challenges, say experts
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. ‘Reporting on the general government budget has definitely improved, thanks to parts of the Budget […]
Newsletter Issue 6th November 2015
Click here for this week’s newsletter, dated 6th November 2015
Opinion: a new action plan for Papua New Guinea tourism urgently needed
Following on from the Governor of the Bank of Papua New Guinea’s recent comments about the need to develop Papua New Guinea’s tourism industry, Melanesian Tourism Services’ Managing Director Sir Peter Barter argues for urgent cooperation between government and industry. It is rather interesting to read that the Governor of the Bank of Papua New […]
Impact of 2015 Papua New Guinea drought may be worse than 1997, reports agricultural scientist
Now in its fifth month, Papua New Guinea’s drought is having its biggest impact in high altitude locations and on the fringe of the Central Highlands, according to agricultural scientist, Dr Mike Bourke. He told Business Advantage PNG that this year’s drought is at least as bad as the 1997 drought, which affected nearly a […]
PNG passes budget for tougher times
Yesterday, Papua New Guinea’s Treasurer Patrick Pruaitch presented both the 2016 National Budget and a Supplementary Budget for 2015. Both budgets – highly anticipated given the PNG Government’s need to address lower revenues – make cuts to projected expenditure and find additional revenue resources in order to keep the budget deficit under control. First, the […]
Newsletter Issue 30th October 2014
Click here for our latest newsletter, dated 30th October 2014.
Lae Botanic Gardens Design Plan
The National Advancement Program for the Lae Botanic Gardens has launched their design plans for the restoration of the Gardens. Click here to download the full design plan presentation. If you have any questions or feedback on these plans, please contact Sarah Warne on sarahignjic@hotmail.com or Michael Lovave at mlovave@fri.pngfa.gov.pg.
Reserve Bank Governor says PNG has lot to learn from Fiji about tourism
Despite being the biggest Pacific nation, Papua New Guinea is lagging behind its neighbours, holding only 10% of the regional tourism market, says the Governor of the Bank of Papua New Guinea, Loi Bakani. And on a global scale, PNG ranks last in terms of benefitting economically from tourism activity. Although endowed with rich environmental […]