Two new World Bank reports outline the challenges facing Papua New Guinea in the wake of the COVID-19 economic shutdowns in the Asia-Pacific region.
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Want to buy tickets to see your favourite rugby team but can’t afford to spend two hours queuing to get seats? The Papua New Guinean app Ticket Bilum comes to the rescue. Its owner, Tidman Ikosi, talked about the app’s inception, its future and COVID’s silver lining during an ecommerce forum.
Connect PNG has a five-year plan to establish a single, unbroken highway network for Papua New Guinea. David Wereh, Secretary of the Department of Works and Implementation, takes Business Advantage PNG through the challenges.
British American Tobacco PNG appoints General Manager.
LNG prices surged, clawing back most of this year’s losses, but oil prices fell. Silver also lost some of its recent spectacular price gains. Business Advantage PNG’s monthly overview of commodity and financial markets.
Prime Minister Marape announces that after successful negotiations an agreement has been reached for the PASCA Offshore Petroleum Project, Barrick Niugini lodges an application for Judicial Review of the purported grant of a special mining lease to Kumul Minerals Holdings and Bougainville’s new president. The business news you need to kickstart your week.
Renegotiating terms or refinancing are proving to be the best way to deal with the shock caused by COVID-19 according to Mark Baker, Managing Director of ANZ Bank Papua New Guinea. In an exclusive interview he tells Business Advantage PNG that improving confidence is the big challenge.
Reform is in the air in Papua New Guinea, with the country’s resources sector facing major legislative changes. On the other hand, the government faces its own reform challenges if it is to secure the funding it needs to address its budget deficit.
The Asian Development Bank is looking to provide as much as US$800 million (K2.8 billion) in new funding to support Papua New Guinea’s budget, according to its Country Director, David Hill.
The National Executive Council has given the nod to Papua New Guinea’s first special economic zone. Project Director Peter KenGemar tells Business Advantage PNG about how it could boost local jobs and investment