Papua New Guinea’s agriculture sector has been adversely affected by the impact of COVID-19. But according to a report by ANZ Research, exports of agricultural commodities may rebound sharply next year.
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The Papua New Guinea government’s proposal to move to production sharing agreements in resource projects may not solve the government’s financial problems and there is a risk it will harm the country’s reputation for being a good place to invest, according to the industry itself.
With Papua New Guinea’s Mid-year Economic and Fiscal Outlook predicting government debt will rise to 55 per cent of GDP, its government has announced a supplementary budget to address numerous fiscal challenges. There are also moves for the central bank to print money to fund budget shortfalls.
Kina Bank announces an equity raising, Ok Tedi Mining reports K50 million interim dividend and the Prime Minister aiming to reach agreements on major resource projects by the end of the year. The business news you need to kickstart your week.
Director of the Development Policy Centre, Stephen Howes, analyses the extraordinary growth of PNG’s government salary bill and explains why it’s a concern.
Cheap long-haul flights in trouble, growth of ecommerce, and the battle of remote working. Readings from around the world on business, leadership and management.
Papua New Guinea’s Prime Minister, James Marape, has insisted that the country’s proposed LNG projects, Papua LNG and P’nyang, will be dealt with as separate projects.
This week sees the launch of PNG Now, a bold new lifestyle magazine for Papua New Guinea.
Paradise Foods has seen over 30% growth over the past six months and its future looks even brighter. James Rice, Group CEO of Papua New Guinea’s oldest food manufacturing company, spoke with Business Advantage PNG to explain why.
Bank South Pacific’s new BSP Pay service is launched this month with a view to helping MSMEs reach its 1.8 million customers online.