The Asian Development Bank is looking to provide as much as US$800 million (K2.8 billion) in new funding to support Papua New Guinea’s budget, according to its Country Director, David Hill.
Money for reforms: ADB offers Papua New Guinea COVID assistance
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23 Sep 2020 by Leave a Comment
In brief: Papua New Guinea’s economy has the potential to reach K200 billion in the next 10 years and other business stories
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21 Sep 2020 by Leave a Comment
Papua New Guinea’s Prime Minister talks business during Independence dinner, Tari Airport reopens and Treasurer Ian Ling-Stuckey on the Central Banking Act. The business news you need to know to kickstart your week.
Papua New Guinea could see more than K2.5 billion from regional infrastructure funds
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21 Sep 2020 by 4 Comments
Speaking at a Business Advantage PNG webinar, two of the region’s largest infrastructure investment funds – the Asian Development Bank and the new Australian Infrastructure Finance Facility for the Pacific – have announced major support for road and electricity projects in Papua New Guinea, with more to come.
In brief: ADB approves K87 million telecommunications investment in Papua New Guinea and other business stories
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7 Sep 2020 by Leave a Comment
The Asian Development Bank approves a multi-million kina investment in telecommunications in Papua New Guinea, Investment Promotion Authority looks to make doing business easier, and Fortescue Metal Group announces plans for hydropower projects in PNG. The business news you need to kickstart your week.
Taxing time: Papua New Guinea needs to address ‘volatile revenue’, says ADB
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5 Aug 2020 by Leave a Comment
Papua New Guinea has a ‘tax mobilisation challenge’ if it is to deal with the financial challenges resulting from the COVID-19 crisis, according to a new Asian Development Bank report.
Debt crisis looming: reports say Papua New Guinea needs new investment
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20 Apr 2020 by 1 Comment
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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15 Apr 2020 by Leave a Comment
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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30 Mar 2020 by 2 Comments
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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18 Mar 2020 by Leave a Comment
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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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.
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