‘Slow recovery’: Business Council of Papua New Guinea demands focus on economy

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Business in Papua New Guinea has responded well to COVID-19 but is now facing a downturn at the lower end of expectations. David Toua, board member of the Business Council of Papua New Guinea says the focus now needs to turn to the economy.

In brief: Business Council reminds Papua New Guinea government to pay K2.8 billion debt and other business stories

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Business Council reminds government of its K2.8 billion debt, Newcrest to be listed on Canada’s stock exchange and Papua New Guineans open up about the Zhenhua data breach. The business news you need to kickstart your week

Papua New Guinea businesses continue to struggle financially in COVID-19 crisis

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The Business Council of Papua New Guinea’s second Market Conditions Survey has found almost eight out of ten respondents did not meet their projected revenue and profit results for the first half of 2020.

It’s time to devalue the kina, says Business Council

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The Business Council of Papua New Guinea has present its latest macroeconomic outlook, which outlines the risks faced by PNG’s economy and what business needs to recover from the COVID-19 downturn.

Sustainable Papua New Guinea: PM links progress to UN’s Sustainable Development Goals

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COVID-19 may have impacted the progress of Papua New Guinea’s rollout of the UN’s Sustainable Development Goals, but Prime Minister James Marape has made it clear that sustainability and progress go hand in hand, and business must play a role.

Back to business: Papua New Guinea ends state of emergency

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Trading is returning to a ‘new normal’ as Papua New Guinea’s COVID-19 state of emergency ends. But a recent survey conducted by the Business Council of PNG indicates a return to ‘business as usual’ will take time.

Papua New Guinea proposes foreign investment reforms

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Last month, the Papua New Guinea Government tabled the Foreign Investment Regulatory Authority Bill in Parliament. What is the bill designed to achieve and why is the business community concerned? Business Advantage PNG investigates.

People moves: The Business Council of PNG, GE, Digicel Fiji 

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New appointments to the board of the Business Council of PNG, a new CEO of General Electric, PNG, a new CEO at Digicel Fiji

Business Council encourages new Papua New Guinea government to broaden industry and tax bases

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Papua New Guinea’s foreign exchange problems are a symptom of an overly narrow industry base, according to a new report by the Business Council of PNG. It says the new government also needs to look at widening the tax base and improving infrastructure.

Excess kina liquidity may open up opportunities for local companies in Papua New Guinea

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The lack of availability of foreign exchange is creating imbalances within the Papua New Guinea financial system, according to a report by Kina Securities. It says there is a build up of liquidity in kina, which may have implications for the financial strategies of domestic companies.