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.
‘SMEs are hurting’: ANZ’s Mark Baker on the bank’s post-COVID challenges in Papua New Guinea
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28 Sep 2020 by 2 Comments
Ready to sow: Papua New Guinea’s agriculture sector could rebound next year
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21 Sep 2020 by 1 Comment
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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19 Aug 2020 by Leave a Comment
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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6 May 2020 by Leave a Comment
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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6 Apr 2020 by 1 Comment
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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31 Mar 2020 by 2 Comments
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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26 Feb 2020 by 1 Comment
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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15 Jan 2020 by Leave a Comment
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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9 Dec 2019 by Leave a Comment
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.
Papua New Guinea’s economy remains broadly positive despite slow economic growth forecast for 2020
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28 Oct 2019 by Leave a Comment
Economists have cut forecasts for Papua New Guinea’s 2020 GDP growth but there is a consensus that the slowing will only prove to be temporary. David James explores three new views of PNG’s economy in 2020 and beyond.
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