Banking and finance

Trade slump: how border closures affect Papua New Guinea’s exports

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 breeds innovation’: Tapioca Delight launches new online payment system

Tapioca Delight is spearheading change in Papua New Guinea, by becoming the first SME to start accepting online credit and debit card payments via Bank South Pacific's internet payment gateway. Gabriella Munoz speaks with owner Ginia Sialis to find out more.
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Headed for recession: bank and rating agencies’ bleak forecast for Papua New Guinea in 2020

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.
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Explainer: Papua New Guinea’s stimulus package relying on overstretched IMF

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.
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Waiting for the party to begin: the future of Papua New Guinea’s National Development Bank

In a wide-ranging chat with Business Advantage PNG, the Managing Director of Papua New Guinea's state-owned National Development Bank, Moses Liu, talks about becoming an emerging force in Papua New Guinea's banking sector.
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