Papua New Guinea has been dealing with a ’triple crisis’, according to Ilyas Sarsenov, Country Economist for the World Bank in PNG. Speaking at a Business Advantage PNG online briefing, he said that the economy has fallen well below previous growth forecasts.
Papua New Guinea facing a ’triple crisis’, says World Bank economist
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3 Mar 2021 by Leave a Comment
In brief: COVID-19 surge in Papua New Guinea and other business stories
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24 Feb 2021 by Leave a Comment
A surge of COVID-19 cases in Papua New Guinea, Oil Search posts major loss and NEC endorses the National Energy Authority Bill 2020. The midweek business news, curated for you by Business Advantage PNG.
Still a long way to go: business and economic recovery after COVID
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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.
Air Niugini looks to gradually expand international services
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17 Feb 2021 by Leave a Comment
With its domestic services in Papua New Guinea close to pre-COVID levels, national carrier Air Niugini is now looking to increase its international services, as it continues to provide an international economic lifeline for the country.
Diversify and conquer: what the future holds for Credit Corp in Papua New Guinea
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22 Jan 2021 by Leave a Comment
Peter Aitsi, Group Chief Executive Officer of Credit Corporation PNG, says the COVID-19 pandemic has had a significant impact on operations. He tells Business Advantage PNG that the company is moving to a more agile digital platform and diversifying its product range.
2020: the year in review for Papua New Guinea business
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9 Dec 2020 by 1 Comment
COVID-19, Porgera and politics may have monopolised the attention of the media, but 2020 brought many other challenges, unexpected changes and triumphs for business. Here’s how Business Advantage PNG reported on this extraordinary year.
Boardroom briefing: promising vaccines, app to enable global travel, and poultry investment pays off
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24 Nov 2020 by Leave a Comment
Vaccines give hope for an end to quarantine, aviation industry launches app to get back in the air, and agritech finds a way to sell eggs before they’ve been laid. Readings from around the world on business, leadership and management.
Papua New Guinea’s 2021 National Budget: the most ‘challenging in our lifetime’
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23 Nov 2020 by 1 Comment
The current economic conditions are the most ‘challenging in our lifetime’, according to Justin Smirk, Senior Economist at Westpac. He told a Business Advantage PNG briefing that the success of the 2021 National Budget depended on getting Papua New Guinea’s non-resources economy firing.
Travel plans: Papua New Guinea tourism sector looks to the future
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23 Nov 2020 by 2 Comments
Tourism has been one of the biggest hit sectors in the current pandemic taking a global hit worth over $460 billion across the world. The 2020 National Tourism Industry Forum aims to help the troubled industry.
Boardroom briefing: Solomon Islands Facebook ban, vaccine hopes might spook some investors, and ransomware attacks on the rise
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18 Nov 2020 by Leave a Comment
The Solomon Islands unfriends Facebook, not every investor happy about the positive covid-19 vaccine news and the cost of ransomware attacks. Readings from around the world on business, leadership and management.
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