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.
Industry sectors
After an on-again, off-again presence in Papua New Guinea, Pacific Industries has relaunched Pepsi – and they are empowering people to set up SMEs to sell it.
The upper end of the housing market in Papua New Guinea is being adversely affected by the closure of the international borders, according to Tom Snelling, General Manager of property classifieds site Hausples.com. But he expects that there will be more movement in the cheaper areas of the real estate market.
Flexible work arrangements, losing key workers and restricted travel: these are unprecedented times for managing staff in Papua New Guinea. Gabriella Munoz talks to some top recruiters about the challenges being faced by employers and jobseekers.
In spite of the International Air Transport Association reporting global losses for the airline industry up to US$314 billion (K1086 billion), Papua New Guinea’s carriers are keeping essential services going under the toughest business conditions.
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.
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.
PNG Power Acting CEO Douglas Mageo talks to Business Advantage PNG about the prospects for greater accessibility, reliability and affordability in electricity.
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.