Stimulate or stagnate: steering Papua New Guinea’s economy through the COVID-19 crisis

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The global economic meltdown that has been triggered by the COVID-19 virus outbreak has hit Papua New Guinea hard. What are the implications for the country’s business and financial sectors?

Starting up: top tips for new SMEs

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The 2020 Budget outlined an ambition to migrate half of Papua New Guinea’s population to some form of formal business by 2030. So what is required to start your own business?

Papua New Guinea heading into a forex squeeze – World Bank

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A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.

Opinion: Papua New Guinea’s confusing budget debate

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Amid claim and counter-claim, the true state of the Papua New Guinean economy is lost amid personality politics, argues Divine Word University’s Bernard Yegiora.

In brief: Papua New Guinea may face its largest budget deficit to date and other business stories

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Papua New Guinea’s Minister for Treasury finds the national budget in a ‘much more fragile situation’, K12 billion in unbanked money circulating, and poor regulations may be affecting SMEs. Your weekly digest of business news.

Boardroom briefing: Google searches, Papua New Guinea’s state of the economy and Instagram without ‘likes’

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Google hires about 10,000 humans to improve search results, Papua New Guinea’s ‘annual half-time score on the economy’, and Instagram rolls out its ‘like’ test in more countries. Readings from around the world on business, leadership and management.

Analysis: Papua New Guinea National Budget reflects improving outlook in 2019

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The 2019 Budget reflects an improving economic outlook says Zanie Theron, KPMG’s PNG Country Managing Partner. She points to increased private investor confidence and positive signs with foreign exchange.

2019 Budget aims to broaden economy and increase expenditure and revenue

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The Treasurer, Charles Abel, has handed down the 2019 Budget, revealing a 12 per cent jump in revenues and a 9 per cent jump in expenditures. He announced changes to the income tax threshold, and an increase in capital expenditure.

In brief: Government plans five new highways and other business stories

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Government plans to build and open five new highways, Milbank launches women-only credit card, and PNG Power to upgrade two projects in Eastern Highlands and East New Britain. Your weekly digest of the latest business news. 

Papua New Guinea’s Supplementary Budget makes tough choices

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The National Government has issued a Supplementary Budget to deal with the fiscal and economic issues facing Papua New Guinea. Economic commentators tell Business Advantage PNG that it is a tough budget, but flag that more measures may be needed.