In brief: Talks with Total to resume and other business stories

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Supreme Court to make ruling, Telikom PNG cuts fixed-line call services, and a Total delegation readies to talk Papua LNG. The business news you need to kickstart your week.

Budget paper: Papua New Guinea’s revenue problem means it must raise more debt

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The suspension of Parliament means that Papua New Guinea’s 2021 National Budget will be delayed until at least next month and possibly longer. Whenever it is finally delivered – and whoever delivers it – the recently released Budget Strategy Paper clearly outlines the challenges it must address.

How accurate are the Doing Business indicators? A case study of business environment reform in Pacific Island countries

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The World Bank’s Doing Business indicators have become controversial. Paul Holden, Director of the Enterprise Research Institute, and Consultant for the Asian Development Bank Alma Pekmezovic analyse the accuracy of this tool in the Pacific Island nations.

Money for reforms: ADB offers Papua New Guinea COVID assistance

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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.

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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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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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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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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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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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.