Debt crisis looming: reports say Papua New Guinea needs new investment

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Papua New Guinea is facing a debt crisis according to new reports from the Asian Development Bank and the World Bank, and the country will need the cash injection of new major investments to avoid ‘lacklustre’ future growth.

In brief: Papua New Guinea to receive K70 million from the World Bank and other business stories

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World Bank commits K70 million to help Papua New Guinea in its fight against COVID-19, the Minister for Petroleum gives an update on resource projects and Oil Search successfully completes its equity raise. The business news you need to know to kickstart you week.

Stimulate or stagnate: steering Papua New Guinea’s economy through the COVID-19 crisis

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The global economic meltdown that has been triggered by the COVID-19 virus outbreak has hit Papua New Guinea hard. What are the implications for the country’s business and financial sectors?

People moves: Asian Development Bank, PNG FM, Lockton, Microsoft, ICTSI, OTML

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A new DG at the Asian Development Bank’s Pacific Department, PNG FM names General Manager, Lockton announces Head of Client Solutions Asia Pacific, new comms manager to Ok Tedi Mining and change of leadership at ICTSI South Pacific.

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.

People moves: Asian Development Bank, K92 Mining

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The Asian Development Bank elects boss, K92 Mining Inc welcomes a new Board Member

Road infrastructure in Papua New Guinea: a sector profile

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A detailed overview of road infrastructure in Papua New Guinea including the National Road Network and the National Road Network Strategy.

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People moves: Asian Development Bank

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ADB President announces resignation

In Brief: Papua New Guinea’s Prime Minister visit to China and other business stories

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Primer Minister Peter O’Neill travelled to China to attend a business forum, five Members of Parliament resigned and Oil Search outlined the terms of agreement of Papua LNG. Your weekly digest of business news.

In brief: Kina expected to weaken, and other business news

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Kina expected to weaken, Total aims for transparency, and Air Niugini defers planned flights to Shanghai. A weekly digest of the latest business news.