Papua New Guinea is experiencing similar stresses to other economies in the Pacific region due to the impact of COVID-19. Two reports, by the Asian Development Bank and Pacific Trade Invest, highlight both the impacts and a way to recovery.
News
A submission to Cabinet is being prepared to clean up the Sinivit mine, 6-Mile market to open next month and Ela Beach opens its Beachside Precinct.
With its domestic services in Papua New Guinea close to pre-COVID levels, national carrier Air Niugini is now looking to increase its international services, as it continues to provide an international economic lifeline for the country.
Coca-Cola Amatil announces executive changes and the National Procurement Commission welcomes a Provincial Procurement Committee.
Mineral Resources Authority to decentralise functions, new hotel in Port Moresby, and Papua New Guinea says goodbye to the submarine cable that connected it to the world for over 15 years.
Bank South Pacific executive says Papua New Guinea’s economy will recover by 2.5 per cent, Marape launches seven projects in Kainantu including the Ramu Hydro Power Station 2 and K1 million allocated for communication towers in Gulf Province.
The long-awaited signing of the Fiscal Stability Agreement between the Papua New Guinea government and Total SA has been announced. It opens to the way for the project to go forward.
Kina Bank will adopt a ‘multi-brand’ strategy after acquiring Westpac PNG, according to Lesieli Taviri, Executive General Manager for Banking. She believes fears about a duopoly are unfounded.
Micronesian nations leave the Pacific Island Forum, Kumul Submarine Cable yet to be completed and Daru Island becomes centre of political tension. The latest business news in a nutshell.
The National Development Bank announces a new Acting Managing Director, Pacific Islands Forum welcomes a new Secretary General, Nambawan Super appoints an executive for top investment job, Oro Province gets an Administrator and the East New Britain Port Services appoints a General Manager.