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.

Ready to sow: Papua New Guinea’s agriculture sector could rebound next year

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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.

Papua New Guinea’s budget challenges outlined in two new reports

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Two new reports have outlined the revenue challenges being faced by Papua New Guinea’s government in the face of the COVID-19 pandemic.

Headed for recession: bank and rating agencies’ bleak forecast for Papua New Guinea in 2020

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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.

In brief: Papua New Guinea’s financial institutions respond to State of Emergency and other business stories

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Papua New Guinea’s financial institutions offer businesses support for State of Emergency, Oil Search cuts staff, and Air Niugini to resume flights. The business news you need to kickstart your week.

Women on board: why Papua New Guinea needs more women in directive roles (opinion)

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Papua New Guinean lawyer Sharon Kupp-Tengdui is leading by example and helping to change the all-male landscape usually seen in PNG boards. 

How to unlock funds to invest in Papua New Guinea’s infrastructure

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Commercial banks call for collaboration, communication and an awareness of risk if they are help finance what could be an infrastructure boom in Papua New Guinea.

Papua New Guinea experiencing temporary loss of momentum, say reports

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With experts forecasting slow economic growth in 2020, Papua New Guinea’s economy may be facing a temporary loss of momentum. David James examines two new economic reports and what they may mean for business.

Cashed up and ready to grow: Kina Bank’s plans for 2020

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Kina Bank’s operations have expanded dramatically after taking over ANZ’s retail operations in Papua New Guinea. In an exclusive interview, Chief Executive Officer Greg Pawson outlines to Business Advantage PNG its plans for growth. David James reports.