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.
Latest news
The latest business news from Papua New Guinea and the region
With the Marape government surviving a challenge late last year and vaccines for the COVID-19 virus starting to emerge, Business Advantage PNG considers what business in Papua New Guinea can expect from the year ahead.
Ihu Special Economic Zone gets funds, Prime Minister Marape urges national to go into small agriculture businesses and the Internal Revenue Commission opens an office in Jiwaka Province. Business news to stay on top.
Kumul Petroleum Holdings advances plans for a new power generation facility, new Australian new travel requirements and Ok Tedi Mining announces final dividend. Your round-up of the latest business news.
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.
After a month of political jousting, the Marape government yesterday survived an Opposition challenge in Papua New Guinea’s Parliament and has apparently legally passed the 2021 National Budget.
In a move which has major implications for Papua New Guinea’s governance and national budget, the Supreme Court has ruled that the sitting of Parliament of 17 November was unconstitutional and invalid. It has ordered Parliament resume next Monday 14 December.
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.
Kina Bank has consolidated its position as Papua New Guinea’s second largest bank, and also taken a first step towards becoming a regional bank, by acquiring the assets of Westpac in Papua New Guinea and Fiji.
Supreme Court to make ruling, Telikom PNG cuts fixed-line call services, and a Total delegation readies to talk Papua LNG. The business news you need to kickstart your week.