The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the March and June 2020 Quarters. It shows that the economy and government finances came under great pressure because of the COVID-19 lockdowns, but that the impact was uneven.
COVID silver linings: Bank of Papua New Guinea releases economic bulletin and not all is bad news
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1 Feb 2021 by Leave a Comment
Kina readies fund to help Papua New Guinea’s SMEs unlock their potential
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28 Jan 2021 by 7 Comments
Kina Bank’s Chief Executive and Managing Director Greg Pawson is expecting to start the SME Capital Fund this year, which will offer PNG businesses a new way of raising money. He tells Business Advantage PNG it should help business expand.
Room to grow: President of Lae Chamber of Commerce sees opportunities but investment and education are essential
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27 Jan 2021 by Leave a Comment
John Byrne, President of the Lae Chamber of Commerce, tells Business Advantage PNG that, although there is an underlying level of confidence in PNG’s second city, infrastructure projects and investment are urgently needed.
Joint consultations on the future of Bougainville trigger speculation on the future of Panguna mine
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27 Jan 2021 by 3 Comments
A joint communique issued earlier this month by Papua New Guinea’s Prime Minister James Marape and new Bougainville President Ishmael Toroama has committed them to moderated ‘joint consultations’ over the autonomous region’s desired independence. It has again brought focus on the future of the island’s massive Panguna copper and gold mine.
Diversify and conquer: what the future holds for Credit Corp in Papua New Guinea
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22 Jan 2021 by Leave a Comment
Peter Aitsi, Group Chief Executive Officer of Credit Corporation PNG, says the COVID-19 pandemic has had a significant impact on operations. He tells Business Advantage PNG that the company is moving to a more agile digital platform and diversifying its product range.
New lender Savi Moni aims to offer a smart solution for staff loans
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22 Jan 2021 by 14 Comments
A new lender, Savi Moni, is entering Papua New Guinea’s financial services market. Founder and Managing Director Nick Keane tells Business Advantage PNG that the aim is to minimise the burden on employers, provide affordable and responsible loans, and promote financial wellbeing.
COVID-19 hit to Papua New Guinea’s economy is giving rise to ‘new poor’, says World Bank
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20 Jan 2021 by 2 Comments
A new World Bank report on the economic and employment impact of COVID-19 on Pacific Island Countries has shown that the harm to Papua New Guinea’s economy, labour market and education has been extensive.
SkinnyMe: how the wellness craze is helping Papua New Guinean families boost their income
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18 Jan 2021 by Leave a Comment
Health products company SkinnyMe Weightloss has built a business in Papua New Guinea that boasts 10,000 members.
Papua New Guinea’s PM signals ‘honest and transparent’ economic repair
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13 Jan 2021 by 10 Comments
Papua New Guinea’s Prime Minister, James Marape, has outlined his government’s goals for 2021, including building up infrastructure, undertaking ‘Budget repair’ and exploring ways to invest in domestic businesses.
Future of prices for Papua New Guinea’s mining exports look positive, say analysts
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9 Dec 2020 by Leave a Comment
The prospects for the prices of metals Papua New Guinea exports are mostly positive, reports David James from the recent International Mining and Resources Conference.
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