With increasing numbers of COVID-19 cases in Papua New Guinea, Prime Minister James Marape says it’s ‘no time to play politics’ and has adjourned Parliament until 10 August.
News
Link PNG reapplies to get a shareholding in PNG Air, Air Niugini announces new requirements for international travel and BSP launches new cashless product. The business news in brief.
NCSL talks about its plans to become an ebank, Papua New Guinea’s Treasurer, Ian Ling-Stuckey reveals potential second economic stimulus package for MSMEs and changes in taxation collection in Bougainville. The business news in brief.
New Non-executive Directors join the Teachers Savings and Loans Society (TISA) Community Finance Ltd.
International credit rating agency Moody’s has changed its outlook on the Government of Papua New Guinea’s B2 rating from ‘stable’ to ‘negative’. What’s behind the move and what does it mean?
The anticipated signing of a gas agreement for Pasca A, Papua New Guinea’s first undersea gas project, has stalled at the eleventh hour. Developer Twinza Oil says it will stand down its project team due to a last-minute State request it claims would render the project ‘unfinanceable’.
Papua New Guinea’s Tourism Promotion Authority reveals bleak outcome for 2020, Kumul Petroleum Holdings gets three petroleum retention licenses and new equity holders for PNG LNG. The business news in brief.
Port operator International Container Terminals Services is looking to improve efficiency at Papua New Guinea’s ports, and opening the way for new business opportunities.
Palm oil sector issues warning on fertiliser tax, the Ihu Special Economic Zone is launched, and SME loans total K20 million. Your midweek news in brief.
The positive news that the Marape government and Barrick Gold have reach a ‘binding framework agreement’ for the reopening of the Porgera gold mine is being welcomed with relief by almost all concerned.