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Saturday
25 May 2013
Make PNG my HomePage
ECONOMY Stories
[190 - Showing Results 1 to 30]
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Is PNG’s mining boom coming to an end?
(Friday, 19 April 2013)
PNG’S golden era for mineral exploration and development may be coming to an end in the face of gold’s steepest price decline in three decades and a build-up in global copper stocks.
By Wantok
Full Story...
US glitter taking glamour off commodities?
(Wednesday, 13 March 2013)
RESOURCE companies have taken somewhat of a battering on international stock markets even though commodity prices remain relatively high in historical terms.
Full Story...
Banking on gold
(Wednesday, 20 February 2013)
GOLD prices are yet to make a mark on this year but Mine Life senior resources analyst Gavin Wendt says gold must eventually trade higher.
Full Story...
Quadruple growth: ANZ
(Wednesday, 6 February 2013)
ANZ chief executive officer Mike Smith has a “bullish view” of Papua New Guinea’s future.
Full Story...
Rolling the dice: Inside Track
(Friday, 4 January 2013)
FISCAL responsibility has been a reputation that has been built up over a considerable number of years, virtually a decade to be more precise. In 2002 the Papua New Guinea economy had reached the depths of what former treasurer Bart Philemon described at the time as depression.
Full Story...
A stronger 2013 projected: SLI
(Monday, 24 December 2012)
ASSET manager Standard Life Investments has flagged better economic conditions for the coming year.
Full Story...
Just not your cup of tea
(Monday, 2 July 2012)
EX-kiap Paul Oates knows there is a lot more to coffee than getting a kick start to your day.
Full Story...
Internet highway approaching for PNG
(Friday, 27 May 2011)
PLANS for a fibre optic network being built as part of the PNG LNG project will be finalised for cabinet approval by the end of next month.
Full Story...
More risk, more reward
(Friday, 27 May 2011)
PAPUA New Guinea’s PNG LNG project is not only pumping money into the PNG economy, but into the back pockets of oil and gas workers in the country who are earning an average salary of $US197,000 ($A186,120) per year.
Full Story...
Time of mutual opportunity: Taylor
(Wednesday, 25 May 2011)
TRADE between Papua New Guinea and Australia is now in excess of $10 billion kina ($A3.94 billion) annually, says newly appointed president of the Australia-Papua New Guinea Business Council Peter Taylor.
Full Story...
Risks for PNG from LNG project
(Friday, 20 May 2011)
CONTROLLING inflation and ensuring funds are not squandered are challenges for Papua New Guinea as ExxonMobil’s massive liquefied natural gas project moves to production.
Full Story...
Mining opportunities there to be lost
(Friday, 20 May 2011)
THE resources boom is having a massive impact on Papua New Guinea. Government debt in 2002 was about 70% of GDP, this year it is forecast at less than 25%.
Full Story...
Elephants, gorillas, sharks and dragons
(Friday, 20 May 2011)
THE future for the Papua New Guinean province of Bougainville is through recommissioning of the controversial Panguna copper-gold mine, with the fate of the project in the hands of landowners.
Full Story...
Deep pockets and a long-term plan
(Wednesday, 6 April 2011)
PAPUA New Guinea’s mineral and energy endowment provides the country with a strong opportunity to develop, and should pay big dividends to resource investors with realistic expectations and enough capital - by Cindy Brown
Full Story...
Outlook mostly rosy: Sir Rabbie
(Friday, 1 April 2011)
A 4.7 million kina gain by Kina Asset Management during 2010 is a reflection of confidence returning to the Papua New Guinean economy, company chairman Sir Rabbie Namalui says.
Full Story...
PNG economy to grow by 8.5%: ADB
(Friday, 11 March 2011)
THE PNG economy should grow by 8.5% this year and 6.5% in 2012 due to the rise in commodity prices and new project investments, the Asian Development Bank says in a report issued this week.
Full Story...
Nasfund shines, but stormy weather ahead
(Friday, 4 March 2011)
PNG superannuation fund Nasfund earned members a 15% return in 2010 but has warned that the good times must come to an end.
Full Story...
Kina slips from recent highs against Aussie dollar
(Thursday, 6 November 2008)
THE KINA has retracted from previous highs against the Australian dollar as the Bank of PNG’s mid-rate puts it at A55.73c – a 7% drop from A59.93c on Friday and a double-digit fall from just over a week ago.
Full Story...
Soaring precious metal demand fails to overwhelm Perth Mint
(Friday, 31 October 2008)
DESPITE a recently lagging gold price, strong demand for physical gold and silver overseas has triggered shortages but Australia’s Perth Mint remains well supplied with its full range of items, especially following a delivery last Friday.
Full Story...
ANZ: Credit squeeze and risk impact resource project lending
(Thursday, 30 October 2008)
THE combination of the difficult lending environment, slashed commodity prices and poor PNG rankings this year in global risk assessment reports has led
PNGIndustryNews.net
to talk to major lender ANZ about its resource project financing criteria and plans.
Full Story...
Expect surprises from China: economist
(Thursday, 30 October 2008)
THE global recession will be buffered by urbanisation and industrialisation in China, however further bad news can be expected in the near term, a senior economist has warned.
Full Story...
Line up your funding ducks
(Tuesday, 28 October 2008)
THAT funding is harder to come by and debt is more expensive will come as no surprise to most miners. However, one Australian resources advisor said companies can still get money, but only if they have all their ducks in a row.
Full Story...
Kina holds sway against US dollar, soars against axed Aussie dollar
(Tuesday, 28 October 2008)
THE KINA is continuing to gain ground against the Australian dollar as commodity prices take their toll on PNG’s neighbour.
Full Story...
Base metal massacre
(Thursday, 23 October 2008)
BASE metals took a hammering overnight as the global economic slowdown reduces demand for commodities, while the Australian share market plunged 4% in morning trade with major resource stocks leading the downward charge.
Full Story...
Local POMSoX companies outperform amid world financial crisis
(Thursday, 16 October 2008)
KINA Securities chief executive Syd Yates has confirmed local stocks on the Port Moresby Stock Exchange were mirroring emerging stock markets and outperforming the global crisis.
Full Story...
International markets show some recovery
(Tuesday, 14 October 2008)
AMERICAN, European and Australian markets have rallied in the past 24 hours as bulls return to the fray after last week’s stock market carnage.
Full Story...
Mutual fund redemptions force major share sell-off
(Tuesday, 14 October 2008)
AS THE world financial crisis hit commodities and resource companies hard last week, the share prices of PNG-focused companies have also been slammed by mutual fund redemptions.
Full Story...
No country will avoid slowdown: IMF
(Thursday, 9 October 2008)
THE International Monetary Fund has warned it is too late to avoid a major downturn, but has called for strong and coordinated actions from world leaders and policymakers to prevent worst case scenarios.
Full Story...
Kina gets stronger
(Thursday, 9 October 2008)
MASSIVE falls in the Australian dollar have the kina reaching high ground this week as one kina now equates to A58.55c.
Full Story...
Key PNG commodities take a bashing
(Thursday, 9 October 2008)
MARKET mayhem is hammering commodity prices, especially copper, nickel and oil, all of critical importance to PNG’s export revenue.
Full Story...
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