Porgera mine output is removed from Barrick’s full year guidance, Westpac announces new division for Westpac Pacific and Australia and New Zealand agree on a ‘trans-Tasman COVID-safe’ travel zone. The business news you need to kick-start your week.
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The government’s COVID-19 bond was oversubscribed after the first week, according to Treasurer Ian Ling-Stuckey. He said over K1 billion was raised and that the money will help protect Papua New Guineans from the worst effects of the coronavirus pandemic.
Singapore sees retail landscape change, how work will look post pandemic and COVID-19 infects Chinese-US relations. Readings from around the world on business, leadership and management.
NASFUND welcomes two independent directors to its board, Newcrest gets a new Chief Legal, Risk and Compliance Officer, the Danish Ambassador announces the end of his tenure and ANZ appoints a new member to its Group Executive Committee.
Economists are forecasting a recession in PNG in 2020 as the country struggles to deal with the global crisis caused by the outbreak of the COVID-19 virus. The ratings agency Standard & Poor’s has also downgraded the country’s debt.
The decision by the Marape-Steven government not to extend the Special Mining Lease on the Porgera gold mine is headed for the courts after the National Court of Justice at Waigani ordered both parties to have discussions to resolve the matter.
S&P Global Rating lowers Papua New Guinea’s sovereign credit rating, Zijing Mining sends letter to Prime Minister Marape and PNG DataCo lands the Kumul Submarine Cable in Kavieng. The business news you need to kickstart your week.
Prime Minister James Marape moves to allays concerns among Papua New Guinea’s mining companies following the decision not to renew the special mining lease for the Porgera gold mine. Meanwhile, the mine’s temporary closure is already affecting local business.
Globalisation due for a ‘reset’, promoting local music sharing in Melanesia, and Facebook gets into video conferencing. Readings from around the world on business, leadership and management.
The Ok Tedi Development Foundation gets a new boss, CPL Group welcomes a Trainee Marketing Manager and Pacific Tourism Organisation gets an interim Chairman.