In brief: Papua New Guinea’s Central Bank increases Kina Facility Rate and other business stories

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The Bank of Papua New Guinea has increased the Kina Facility Rate, Prime Minister Marape welcomes Telstra, and Phase II of the Central Banking Act gets green lighted. The business news you need today.

The secret to resilience in tough times according to CPL, Papua New Guinea’s largest retailer

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Many business have reported the current business climate in PNG as ‘quiet’, with some saying income is down about 20 per cent. How has CPL fared? Business Advantage PNG talks to CEO, Ravi Singh.