State of Emergency declared to ‘maintain and stabilise’ Papua New Guinea’s fuel supply

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In direct response to the ongoing disruption of fuel supplies in Papua New Guinea, Petroleum Minister Kerenga Kua has declared an extraordinary 30-day State of Emergency.

In brief: Puma Energy foreshadows risk of fuel shortages and other business stories

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Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.

Papua New Guinea’s currency flagged to continue ‘gentle’ fall

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The Papua New Guinea kina is starting to experience a very gradual erosion against its key trading currency, the US dollar.

People Moves: Nasfund, Newcrest Mining, ANZ Bank, NAC, Vodafone, East West Transport, BAPNG, PNG Air

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New CEOs for Nasfund and ANZ Bank, Newcrest CEO retires, changes at National Airports Corporation, new GM for East West Transport and new marketing head at Vodafone PNG and

People moves: PNG Power, ANZ, CPL Group, Censorship Office

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New boss for PNG Power, new Regional Executive, Pacific at ANZ, Jack’s of PNG welcomes new Retail Managers, and the Censorship Office announces Deputy Chief Censor.

Green shoots and structural shifts

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While we’re still waiting for major projects to commence, some key data is suggesting Papua New Guinea’s economy has turned a corner.

Papua New Guinea and Pacific business looks to turn the corner, post-COVID-19

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Two new reports indicate business in Papua New Guinea and Pacific is proving resilient as the region looks to move on from the COVID-19 pandemic. A new economic report from ANZ paints a bullish picture of the future, while Pacific SMEs are predicting increased revenues.

Economic update: cautious optimism in Papua New Guinea as major projects take shape

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With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country’s business leaders about the year ahead.

In brief: Negotiations with Twinza Oil still ongoing and other business stories

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Negotiations for Twinza Oil’s Pasca A still ongoing, ANZ continues to waive fees for online transaction to 10 Pacific countries and Bank South Pacific implements a ‘no mask, no entry’ policy. The news in brief.

‘SMEs are hurting’: ANZ’s Mark Baker on the bank’s post-COVID challenges in Papua New Guinea

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Renegotiating terms or refinancing are proving to be the best way to deal with the shock caused by COVID-19 according to Mark Baker, Managing Director of ANZ Bank Papua New Guinea. In an exclusive interview he tells Business Advantage PNG that improving confidence is the big challenge.