Uninspiring Economic Outlook
Papua New Guinea, like the rest of the world, has been plagued with external factors affecting economic growth. A drastic drop in global commodity prices;...
Category : Finance
OBG talks to Robert Nilkare, Country Manager for Papua New Guinea, New Britain Palm Oil Limited: Interview
Interview: Robert Nilkare What are the biggest challenges the palm oil industry faces currently in PNG? ROBERT NILKARE: The palm oil industry in PNG has...
Shining a spotlight: OBG talks to Tobias Kulang, Minister of Tourism
Papua New Guinea received 193,000 visitors in 2015. What explains this relatively low number? KULANG: There are a number of reasons, but the main one...
Papua New Guinea scales back spending in supplementary budget
Weaker commodity prices and lower government revenues have prompted Papua New Guinea’s current administration to revise its growth forecast and release a supplementary budget in...
Asian Development Bank puts case for greater private involvement in state-owned enterprises
Image: PNG Power Head Quarter in Port Moresby Increasing private sector involvement in Papua New Guinea’s state-owned enterprises (SOEs) would be a ‘powerful mechanism’ for...
Improved banking services held back by high internet prices, say bankers
Image: NDB’s Moses Liu The potential for improved financial and other services delivered via the internet in Papua New Guinea is high, the nation’s top bankers tell Business...
Hotel investments transforming Port Moresby into regional conference venue
Image: The outlook from the refurbished Ela Beach Hotel. By the time of the APEC Summit in 2018, Port Moresby could have as many as 2550...
What’s behind Papua New Guinea’s supplementary budget
The Papua New Guinea Government has released its 2016 Supplementary Budget to adjust to ‘tough’ economic conditions. It assumes lower economic growth, a...
Entrepreneur: Roberta Morlin, women’s health app developer
Roberta Morlin is developing an app that will be able to provide direct medical consultation for women in remote PNG. She explains to Business Advantage...
Top bankers set the record straight on Papua New Guinea’s foreign exchange shortage
Papua New Guinea’s top two bankers – Loi Bakani, Governor of the Bank of Papua New Guinea and Robin Fleming, Chief Executive of Bank South...