The United States and PNG working on trade and investment framework, Supreme Court rules Marape legally elected and Morobe Provincial Government to be first provincial government to engage directly in alluvial mining. The business news you need to kickstart your week.
Papua New Guinea’s tourism, manufacturing, retail and agriculture should be the main targets for further government support, contends Douveri Henao, Executive Director of the Business Council of Papua New Guinea. He also reveals the sectors that had received the biggest boost during the COVID-19 crisis.
Oil and cocoa prices soar while the LNG price stabilises. Business Advantage PNG’s monthly overview of commodity and financial markets.
The global economy is recovering faster that expected, according to Douglas Porter, Chief Economist and Managing Director of Canadian investment bank, BMO Financial Group.
Despite initial concerns about the impact of COVID-19, Swire Shipping’s data shows only a marginal reduction in freight volumes. Alistair Skingley, the company’s Country Manager for Papua New Guinea and the Solomon Islands, tells Business Advantage PNG that the company is upgrading its offerings in the expectation of solid growth in 2021.
Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.
New Chief Executive Officer for the Parties of Nauru Agreement, Credit Corporation appoints Company Secretary and PNG Air welcomes a new Director.
Vaccines give hope for an end to quarantine, aviation industry launches app to get back in the air, and agritech finds a way to sell eggs before they’ve been laid. Readings from around the world on business, leadership and management.
The current economic conditions are the most ‘challenging in our lifetime’, according to Justin Smirk, Senior Economist at Westpac. He told a Business Advantage PNG briefing that the success of the 2021 National Budget depended on getting Papua New Guinea’s non-resources economy firing.
The Dirio project gets commissioned, Barrick distances from Papua New Guinea’s political turmoil and state-owned enterprises reform on track. The business stories you need to kickstart your week.