Central Bank Governor, Loi Bakani, says Papua New Guinea is facing economic and financial challenges due to the outbreak of COVID-19. He speaks exclusively to Business Advantage PNG about how the Bank of PNG is responding.
News
In the Pacific we aspire to endurance and sustainability. But progress is difficult to sustain when we face multiple threats that reverse decades of development gains in a matter of hours or days, says Dame Meg Taylor, Secretary General of the Pacific Islands Forum.
The presidents of Papua New Guinea’s two largest business chambers, in Port Moresby and Lae, outline the difficulty for business of life under lockdown, but also point to how PNG’s economy can bounce back from the current crisis.
Papua New Guinea is facing a debt crisis according to new reports from the Asian Development Bank and the World Bank, and the country will need the cash injection of new major investments to avoid ‘lacklustre’ future growth.
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The Micro Small and Medium Enterprise Council of Papua New Guinea gets a new head, Link PNG appoints Acting GM.
Wayne Osterberg, Director, Advisory Services, KPMG Papua New Guinea, gives practical advice on the implications of COVID-19 for Papua New Guinea private, midmarket and emerging businesses.