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Boardroom briefing: capital raising in Papua New Guinea during COVID-19, can big data predict your health and how tech is helping curb the pandemic

27 May 2020 by Leave a Comment
Raising capital in Papua New Guinea during the pandemic, the Chinese city giving residents a ‘health score’ and Microsoft talks tech and the future of pandemics. Readings from around the world on business, leadership and management.
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Going strong but for how long? Ok Tedi Mining announces strong profits and dividends

27 May 2020 by Leave a Comment
Ok Tedi Mining has announced strong profits and dividends – important because it accounts for over four per cent of Papua New Guinea’s economy. But the future of the company, which has new shareholders, will depend on finding new reserves beyond the Ok Tedi mine's projected six-year mine life.
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In brief: Kumul Submarine Cable System completes connections and other business stories

25 May 2020 by Leave a Comment
The Kumul Submarine Cable lands in Bougainville , the Pasca A gas project is on its way to becoming the first offshore field development in PNG and the PNG Tourism Promotion Authority reveals the impact COVID-19 on the tourism industry. The business news your need to kickstart your week.
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Trade slump: how border closures affect Papua New Guinea’s exports

25 May 2020 by Leave a Comment
Papua New Guinea’s trade is likely to be sharply affected by the COVID-19 crisis and the closure of international borders, according to a report by the National Research Institute. It makes suggestions about how PNG’s traded sector can be supported.
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Crisis management: taking care of business during Papua New Guinea’s SOE

25 May 2020 by Leave a Comment
The first in a series of Business Advantage PNG online business briefings tackled the issue of managing your business during the COVID-19 crisis. Mahesh Patel, CEO of CPL Group, and Wayne Osterberg, KPMG PNG’s Director Advisory Services, looked at the critical issues during Papua New Guinea's state of emergency.
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People moves: Credit Corporation PNG, Ela Motors, PNG Air, Employers Federation, IFC

20 May 2020 by Leave a Comment
Credit Corporation announces a Chief Operating Officer, Ela Motors welcomes its CEO, the Employers Federation of Papua New Guinea announces a new head, PNG Air appoints an Acting CEO and Solomon Islands gets a new IFC Country Officer.
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Papua New Guinea Treasurer details K600 million stimulus package

18 May 2020 by 2 Comments
Papua New Guinea's National Executive Council has announced that K600 million will start to flow to the health, security, agriculture, business and household sectors as a first step in the government’s K5.7 billion coronavirus Economic Stimulus Package. Treasurer Ian Ling-Stuckey said this is K100 million more than was initially planned.
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In brief: Wafi-Golpu negotiations to resume and other business stories

18 May 2020 by Leave a Comment
PNG’s Prime Minister green-lights Wafi-Golpu negotiations, Twinza’s Pasca A project is next on the government's list and Vision City Mega Mall announces rent assistance for businesses. The business news you need to kickstart your week.
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No recession for Papua New Guinea post COVID-19, says Central Bank

18 May 2020 by Leave a Comment
The Bank of Papua New Guinea in its latest Monetary Policy Statement is predicting that the Papua New Guinea economy will not go into recession this year and there will be a strong recovery next year. But it says that the COVID-19 pandemic has badly affected many of the key sectors in the economy.
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