Two new reports indicate business in Papua New Guinea and Pacific is proving resilient as the region looks to move on from the COVID-19 pandemic. A new economic report from ANZ paints a bullish picture of the future, while Pacific SMEs are predicting increased revenues.
Fortescue Group announces restructure to its organisation.
Papua New Guinea’s national stock exchange partners with the International Finance Corporation (IFC), Prime Minister Marape calls for peace and order during the elections, and Telikom PNG warns about disruptions in services.
Recently released data from Papua New Guinea’s central bank indicates the country’s economy bounced back significantly in the September 2021 quarter on the back of a massive increase in export receipts due to higher commodity prices. While private sector employment and sales also rose, the bank warns inflation is also on the march.
The Panguna Mine Landowner Clan Chiefs and the Autonomous Bougainville Government (ABG) agree to create a new entity to redevelop the Panguna mine, Telstra’s acquisition of Digicel PNG on track, and Papua New Guinea launches its National Employment Policy. The business news you need today.
Director retires from Geopacific Resources and new Chief Executive Officer for Pacific Re Limited (Pac Re).
Plans for a new gas-fired power plant in Hela, Digicel rejects tower sharing, and the IPA signs a memorandum of understanding with the Immigration and Citizenship Authority. The business news you need today.
Executive changes at the Chamber of Mines and Petroleum, new board members at the Cocoa Board of PNG and new Company Secretary at PNG Air.
With international and domestic airline services starting to return to pre-COVID levels and health protocols becoming increasing relaxed, business travel to Papua New Guinea is finally getting back to ‘normal’.
BSP Financial Group announces end of contract for top executive.