Newsletter Issue 29th August 2014
Click here for our latest newsletter, issued 29th August 2014.
ANZ Suggests A PNG Government Bond Issue To Finance Deficit Spending
The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century. ‘I hold a bullish view about PNG’s future,’ […]
PNG Vows To Meet Law And Order Challenge
PAPUA New Guinea’s national government says it will improve law and order following the release of a World Bank Group report which warned high rates of crime and violence are slowing business expansion and hampering the country’s economic development. PNG asked the World Bank to assess the social and economic costs of crime and violence […]
Dancing Around The Issue
ABOLISHING fly-in, fly-out employment would have detrimental effects for Papua New Guinea’s mining industry, an Australian junior has warned. While applauding the PNG government’s determination to consult industry ahead of changes to the constitution regarding resources ownership, Highlands Pacific CEO John Gooding warned of potential ramifications of changing fly-in, fly-out rules. As PNG mining minister […]
Treasury report shows that PNG’s budget situation is over-stretched
OVER recent months, a few morsels of information have come to light suggesting that the financial situation is tightening around the government of Papua New Guinea. Now with the benefit of the Treasury’s mid-year report we have a much clearer picture. As expected, it’s not pretty. What we see is a government struggling to play […]
Newsletter Issue 22nd August 2014
Click here for out latest newsletter from 22nd August 2014.
Crime,Violence Increases Cost of Business in PNG
A WORLD Bank Group report released today says that eight out of 10 businesses in Papua New Guinea suffer substantial losses and security costs as a result of high rates of crime and violence, slowing business expansion and hampering the country’s economic development. More than 80% of 135 companies surveyed said their business decisions are […]
Newsletter Issue 15th August 2014
Click here for our latest newsletter, issued 15th August 2014.
Private sector encouraged to lead cluster developments in the Pacific
Nadi, Fiji – A two-day workshop to review four cluster pilots undertaken in Papua New Guinea, Samoa, Tonga, and Vanuatu ended on Tuesday with participants clearly outlining the desired future direction of cluster development in the Pacific. The Regional Cluster Initiative Project was funded by Business Climate Facility (BizClim), a programme of the European Union and […]
Boosting the domestic economy is the key to increasing PNG growth
The creation of the PNG LNG project highlights the next major challenge facing Papua New Guinea: how to grow the non-mining sectors. Economist Dan Gay says growing domestic demand, the internet and service industries can help overcome inherent problems. Whatever the Pacific’s been doing until now, it hasn’t been working. Overall economic growth in Papua […]
Newsletter Issue 8th August 2014
Click here for out latest newsletter, issued 8th August 2014.
OPINION: PNG NEEDS TO ENGAGE WITH ASIA’S A-TEAM
Next year, the Papua New Guinea economy will boast the biggest growth in the world. Rowan Callick looks at what political leaders and policymakers must do to take advantage of the country’s talent and opportunities. Papua New Guinea is a country teeming with talent and with opportunity, and with the banks claiming they have the […]
