Business Advantage PNG - Essential reading for Papua New Guinea-focused executives

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Ringing in the changes: SIM registration the biggest challenge to bmobile’s ecommerce future in Papua New Guinea

Anthony Pakakota, CEO of bmobile, said that the company’s future is in the space of ecommerce, but some challenges remain, including SIM registration for Papua New Guineans with no form of identification.

Money for reforms: ADB offers Papua New Guinea COVID assistance

The Asian Development Bank is looking to provide as much as US$800 million (K2.8 billion) in new funding to support Papua New Guinea’s budget, according to its Country Director, David Hill.

Fair share? Papua New Guinea’s move to production sharing in resource projects questioned

The Papua New Guinea government’s proposal to move to production sharing agreements in resource projects may not solve the government’s financial problems and there is a risk it will harm the country’s reputation for being a good place to invest, according to the industry itself.

On the rise: Paradise Foods continues to grow in Papua New Guinea despite COVID-19

Paradise Foods has seen over 30% growth over the past six months and its future looks even brighter. James Rice, Group CEO of Papua New Guinea’s oldest food manufacturing company, spoke with Business Advantage PNG to explain why.

Turning the tide: Papua New Guinea’s coastal shipping sector finds its voice

The PNG Coastal Ship Owners Association has had a revamp and it has a new aim to make sure that this vital service gets the respect it deserves. New chairman of the association, James Midgley, talks to Business Advantage PNG.

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In brief: Papua New Guinea and Twinza reach landmark terms for PASCA project and other business stories

Prime Minister Marape announces that after successful negotiations an agreement has been reached for the PASCA Offshore Petroleum Project, Barrick Niugini lodges an application for Judicial Review of the purported grant of a special mining lease to Kumul Minerals Holdings and Bougainville’s new president. The business news you need to kickstart your week.

‘SMEs are hurting’: ANZ’s Mark Baker on the bank’s post-COVID challenges in Papua New Guinea

Renegotiating terms or refinancing are proving to be the best way to deal with the shock caused by COVID-19 according to Mark Baker, Managing Director of ANZ Bank Papua New Guinea. In an exclusive interview he tells Business Advantage PNG that improving confidence is the big challenge.

Ready for business: Papua New Guinea’s Ihu Special Economic Zone approved

The National Executive Council has given the nod to Papua New Guinea’s first special economic zone. Project Director Peter KenGemar tells Business Advantage PNG about how it could boost local jobs and investment

Ready to sow: Papua New Guinea’s agriculture sector could rebound next year

Papua New Guinea’s agriculture sector has been adversely affected by the impact of COVID-19. But according to a report by ANZ Research, exports of agricultural commodities may rebound sharply next year.

Papua New Guinea introduces supplementary budget to address financial challenges

With Papua New Guinea’s Mid-year Economic and Fiscal Outlook predicting government debt will rise to 55 per cent of GDP, its government has announced a supplementary budget to address numerous fiscal challenges. There are also moves for the central bank to print money to fund budget shortfalls.