In an emergency session of parliament last week, Prime Minister James Marape extended Papua New Guinea’s state of emergency, and the ramifications will be significant.
Latest news
The latest business news from Papua New Guinea and the region
With the recent death of more than 300 pigs in the Highlands region from African swine fever, the deadly virus has finally arrived in Papua New Guinea. What can the country and its farmers do to fight it?
The oil price has cratered and LNG prices have also been weak. Copper is down sharply and the cocoa price is also off sharply. Business Advantage PNG’s monthly overview of commodity and financial markets.
The Minister for Agriculture puts measures in place to stop the spread of the African swine fever and protect the pork industry, Prime Minister James Marape announces stimulus package and ICCC monitors shops to avoid price spikes in essential items. The business news you need to kickstart your week.
How is the 14-day state of emergency (SOE) affecting Papua New Guinea businesses? That all depends on the business you are in. We do a sector-by-sector breakdown.
After the coronavirus (COVID-19) arrived in Papua New Guinea this weekend, Prime Minister James Marape acted swiftly to shut the country down for 14 days – but what does that mean in practice?
Telikom PNG launches a COVID-19 helpline, mining companies announce contingency plans and studies conducted at the Frieda River project site to be finalised. The news you need to kickstart your week.
With the first case of COVID-19 in PNG announced at the weekend, there are warnings there could be essential-item shortages and changed working conditions, but business has been preparing for its arrival.
The rapid spread of the coronavirus COVID-19 has disrupted global economic activity and led to a fall in financial markets. But the story is very different for big companies in Papua New Guinea, although there will be some adverse impacts, especially in the oil and gas sector.
As Papua New Guinea’s near neighbour, Australia, sees panic buying and mass event cancellations, PNG’s government and state-owned entities are using its global head start to set up a raft of new measures.