Newsletter Issue 14th November 2014
Click here for our latest newsletter, issued 14th November 2014.
Margin squeeze sparks reality bite in mining
Despite the debate around the boom, there is little doubt that Australian exporters are under pressure – with a declining iron ore price, increased production volumes from lower-cost producers, long-term decline in ore grades, and an increase in the level of impurities for junior miners making an impact. This has put cost reduction in the […]
ICT industry shake-up continues in PNG with complementary merger
Allcom PNG and mcr PNG have become the latest technology services companies in Papua New Guinea to consolidate after announcing a merger that will see the enlarged entity realise a number of operational synergies. Business Advantage PNG talks to Luke Byer, Managing Director of the new entity. Growing demand for information and communications technology (ICT) […]
Newsletter Issue 7th November 2014
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Ports Corp completes Lae wharf extension
PAPUA New Guinea Ports Corporation has completed the berth 3 extension project at the country’s largest and busiest port. The new port facility at Lae will be used for berthing of construction cargo vessels for mining in the Morobe and Highlands areas. Prime Minister Peter O’Neill officially opened the Lae port overseas wharf extension and […]
Papua New Guinea’s public debt noose
DEBT raised in the past two years by the Papua New Guinea government has been so immense it could never have been contemplated in the past. By PNG Report’s Inside Track columnist. According to the government’s 2014 Mid-Year Economic and Fiscal Outlook Report, the projected budget deficit blowout this year has widened by K372.5 million […]
Five things Papua New Guinea could learn from the BRICS nations
Brazil, Russia India, and China—the BRICs countries—provide a great example of four countries with very little natural geographical, cultural or historical ties, which have come together to focus on mutual opportunities and challenges. BRICS expert David Thomas outlines how Papua New Guinea and other Pacific nations could learn from the BRICs. BRICS 2014The four original […]
Newsletter Issue 31st October 2014
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From the President’s Desk – 31st October
LAE CHAMBER OF COMMERCE CHRISTMAS FUNCTION As advised last week the LCCI will again put on a Christmas function this year. This function will be run conjointly with our member “International SOS Limited”, who will be bringing their Health Directors, to make a presentation of their operation as well as discussing the value of pre-employment […]
Opinion: Using the Central Bank to finance PNG’s deficit is a slippery slope
The Papua New Guinea economy is on the edge of a ‘slippery slope’, if the Bank of PNG finances government debt and continues to fix the exchange rate at too high a rate. Former Australian Treasury advisor Paul Flanagan argues rising inflation, falling foreign exchange reserves and declining private sector credit growth are compounding the […]
Newsletter Issue 24th October 2014
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ICC BASCAP calls for stronger intellectual property rights enforcement in ASEAN
The International Chamber of Commerce (ICC) Business Action to Stop Counterfeiting and Piracy (BASCAP) group called today on the Association of Southeast Asian Nations (ASEAN) and its 10 member states to do more to promote the value of intellectual property (IP) as a key driver for the region’s growth and economic development, and to step […]