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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The first in a series of Business Advantage PNG online business briefings tackled the issue of managing your business during the COVID-19 crisis. Mahesh Patel, CEO of CPL Group, and Wayne Osterberg, KPMG PNG’s Director Advisory Services, looked at the critical issues during Papua New Guinea’s state of emergency.
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.
The COVID-19 crisis has sent economic shock waves around the world and seen businesses in Papua New Guinea and elsewhere cut costs. This may seem prudent but it may not be the best course of action for your brand, says digital marketer Andreia Brodsky.
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.
As the government seeks to start disbursing the funds raised by its COVID-19 bond, the presidents of Papua New Guinea’s two largest business chambers tell Business Advantage PNG they are looking for a stimulus package ‘with teeth’.
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.