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.
Still a long way to go: business and economic recovery after COVID
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22 Feb 2021 by Leave a Comment
In brief: Talks with Total to resume and other business stories
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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
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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
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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
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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
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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.
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