Papua New Guinea’s financial institutions offer businesses support for State of Emergency, Oil Search cuts staff, and Air Niugini to resume flights. The business news you need to kickstart your week.
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Papua New Guinea’s government has announced its Budget deficit will balloon to more than K6 billion, the biggest in the nation’s history. Treasurer Ian Ling-Stuckey has announced a well-targeted stimulus, but the International Monetary Fund needs to come to the party.
In an emergency session of parliament last week, Prime Minister James Marape extended Papua New Guinea’s state of emergency, and the ramifications will be significant.
Digicel Fiji gets a new boss and P&0 Maritime Logistics welcomes a new Chief Executive.
Startups getting more government support, how to be productive working from home, and keeping your essential employees motivated during the COVID-19 crisis.
With the recent death of more than 300 pigs in the Highlands region from African swine fever, the deadly virus has finally arrived in Papua New Guinea. What can the country and its farmers do to fight it?
The global economic meltdown that has been triggered by the COVID-19 virus outbreak has hit Papua New Guinea hard. What are the implications for the country’s business and financial sectors?
The oil price has cratered and LNG prices have also been weak. Copper is down sharply and the cocoa price is also off sharply. Business Advantage PNG’s monthly overview of commodity and financial markets.
The Minister for Agriculture puts measures in place to stop the spread of the African swine fever and protect the pork industry, Prime Minister James Marape announces stimulus package and ICCC monitors shops to avoid price spikes in essential items. The business news you need to kickstart your week.
How is the 14-day state of emergency (SOE) affecting Papua New Guinea businesses? That all depends on the business you are in. We do a sector-by-sector breakdown.