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PNG agriculture benefits from commodities downturn; Liquidity a major risk for PNG businesses; Number of foreign workers in PNG grows.

PNG Business Update

April 8, 2015
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Latest news

Papua New Guinea agriculture benefitting from lower commodity prices, says Asian Development Bank economist

The Asian Development Bank’s departing Papua New Guinea economist, Aaron Batten, says agriculture is the big winner with the current downturn in commodity prices, while its Country Director Marcelo Minc flags further bank investment in PNG. Read on...
 

Liquidity a major source of risk for Papua New Guinea businesses

Liquidity conditions have emerged as a major source of risk for the PNG economy, as the central bank governor reveals he spent US$570.9 million (K1.48 billion) to support the kina last year. Read on...
 

Analysis

Foreign workers: who’s coming to Papua New Guinea and where from?

The number of foreign workers coming to Papua New Guinea is growing, with an annual net gain of up to 34,000 since 2007. Carmen Voigt-Graf reports that on recent growth rates, The Philippines will soon overtake Australia as the main source of foreign workers. Read on...
 

In brief

Relocation of Port Moresby Port to Motukea Island site backed by review, and other business stories

Motukea Island a 'suitable site' for Port relocation, majority of Papua New Guinea SMEs in retail, and PNG first Pacific nation to join alliance. Your weekly digest of the latest business news. Read on...
 

People moves

Crater Gold, POMSoX, Puma

New MD at Crater Gold, Acting General Manager at Port Moresby Stock Exchange, new senior appointments at Puma Energy. Read on... 

 

Event

Papua New Guinea March Monetary Policy Statement

The Bank of Papua New Guinea and Lae Chamber of Commerce and Industry invite you to be a guest to hear Governor Bakani deliver the Monetary Policy Statement for March 2015. Read on...
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