The week's business news in summary. In Brief is sourced from a variety of Papua New Guinea and international media outlets as a service to our readers. Business Advantage PNG makes no claim for the veracity of third party sources.

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In brief: Papua New Guinea’s economy expected to recover by 2.5 per cent and other business stories

Bank South Pacific executive says Papua New Guinea's economy will recover by 2.5 per cent, Marape launches seven projects in Kainantu including the Ramu Hydro Power Station 2 and K1 million allocated for communication towers in Gulf Province.
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In brief: Reopening Porgera ‘will have a more immediate restorative effect’ and other business stories

Foreign exchange pressures continue to escalate, the Executive Director of the Institute of National Affairs talks about the 'restorative effect' reopening Porgera could have, and Oil Search back on track.
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In brief: Bougainville’s President ends speculations about the future of Panguna and other business stories

President Ishmael Toroama says Bougainville is not ‘colluding’ with third parties to reopen Panguna, new project to increase regional and international trade in the Pacific, and potential date for the launch of ISEZ’s project program.
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COVID silver linings: Bank of Papua New Guinea releases economic bulletin and not all is bad news

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.
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