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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Headed for recession: bank and rating agencies’ bleak forecast for Papua New Guinea in 2020

Economists are forecasting a recession in PNG in 2020 as the country struggles to deal with the global crisis caused by the outbreak of the COVID-19 virus. The ratings agency Standard & Poor’s has also downgraded the country’s debt.
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Porgera fallout: Prime Minister moves to reassure Papua New Guinea’s miners

Prime Minister James Marape moves to allays concerns among Papua New Guinea's mining companies following the decision not to renew the special mining lease for the Porgera gold mine. Meanwhile, the mine's temporary closure is already affecting local business.
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In brief: lease extension for Papua New Guinea’s Porgera mine refused and other business stories

Papua New Guinea to take over Porgera Mine, Mining Minister is looking to restart Wafi-Golpu discussions and Shadow Treasurer urges the introduction of a supplementary budget. The business news you need to kickstart you week.
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‘On their knees’: Papua New Guinea SMEs closing daily under lockdown

The presidents of Papua New Guinea's two largest business chambers, in Port Moresby and Lae, outline the difficulty for business of life under lockdown, but also point to how PNG's economy can bounce back from the current crisis.
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In brief: Papua New Guinea to receive K4.2 million from the US and other business stories

The United States commits K4.2 million in the fight against COVID-19 in Papua New Guinea, Monoyal project gets positive drilling results and PNG confirms five new cases of COVID-19. The business news you need to kickstart your week.
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