Coronavirus and PNG

Stories related to the Coronavirus (COVID-19) and Papua New Guinea's State of Emergency.

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Trade slump: how border closures affect Papua New Guinea’s exports

Papua New Guinea’s trade is likely to be sharply affected by the COVID-19 crisis and the closure of international borders, according to a report by the National Research Institute. It makes suggestions about how PNG’s traded sector can be supported.
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Crisis management: taking care of business during Papua New Guinea’s SOE

The first in a series of Business Advantage PNG webinars tackled the issue of Managing Your Business During Papua New Guinea’s COVID-19 crisis. Mahesh Patel, CEO of CPL Group, and Wayne Osterberg, KPMG PNG’s Director Advisory Services, looked at the critical issues during the state of emergency.
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Papua New Guinea Treasurer details K600 million stimulus package

Papua New Guinea's National Executive Council has announced that K600 million will start to flow to the health, security, agriculture, business and household sectors as a first step in the government’s K5.7 billion coronavirus Economic Stimulus Package. Treasurer Ian Ling-Stuckey said this is K100 million more than was initially planned.
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In brief: Wafi-Golpu negotiations to resume and other business stories

PNG’s Prime Minister green-lights Wafi-Golpu negotiations, Twinza’s Pasca A project is next on the government's list and Vision City Mega Mall announces rent assistance for businesses. The business news you need to kickstart your week.
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No recession for Papua New Guinea post COVID-19, says Central Bank

The Bank of Papua New Guinea in its latest Monetary Policy Statement is predicting that the Papua New Guinea economy will not go into recession this year and there will be a strong recovery next year. But it says that the COVID-19 pandemic has badly affected many of the key sectors in the economy.
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In brief: Barrick removes Porgera mine’s production from guidance and other business stories

Porgera mine output is removed from Barrick’s full year guidance, Westpac announces new division for Westpac Pacific and Australia and New Zealand agree on a 'trans-Tasman COVID-safe' travel zone. The business news you need to kick-start your week.
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War chest: oversubscribed COVID-19 bond will help Papua New Guinea fight virus

The government’s COVID-19 bond was oversubscribed after the first week, according to Treasurer Ian Ling-Stuckey. He said over K1 billion was raised and that the money will help protect Papua New Guineans from the worst effects of the coronavirus pandemic.
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