The Asian Development Bank and ATH partner to develop a new mobile broadband telecommunications network in Papua New Guinea, the National Airports Corporations partners with the Fly River Provincial Government and PNG to redevelop the meat industry. The business news in brief.
In brief: new telecommunications project for Papua New Guinea and other business stories
Welcome,
16 Jun 2021 by Leave a Comment
Economic environment in Papua New Guinea to remain challenging, says ADB
Welcome,
5 May 2021 by Leave a Comment
Papua New Guinea’s economy will recover modestly in 2021 and 2022, but financial stresses will persist, says the Asian Development Bank’s Asian Development Outlook for 2021. It also argues strongly for the reform of PNG’s state-owned enterprises.
Still a long way to go: business and economic recovery after COVID
Welcome,
22 Feb 2021 by Leave a Comment
Papua New Guinea is experiencing similar stresses to other economies in the Pacific region due to the impact of COVID-19. Two reports, by the Asian Development Bank and Pacific Trade Invest, highlight both the impacts and a way to recovery.
In brief: Talks with Total to resume and other business stories
Welcome,
7 Dec 2020 by Leave a Comment
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
Welcome,
16 Nov 2020 by Leave a Comment
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
Welcome,
13 Nov 2020 by Leave a Comment
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
Welcome,
23 Sep 2020 by Leave a Comment
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
Welcome,
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
Welcome,
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
Welcome,
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.
USD 0.2850
AUD 0.3860
GBP 0.2044
EUR 0.2399
NZD 0.4075
JPY 31.23
SGD 0.3857
Recent readers’ comments