In brief: leading PNG companies announce 2020 financial results and other business stories

Welcome,

Credit Corporation, NGIP Agmark and Kina Asset Management release their 2020 financial year results. The latest business news in brief.

Still a long way to go: business and economic recovery after COVID

Welcome,

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.

In brief: Mineral Resources Authority commends K92 Mining for paying taxes and other business stories

Welcome,

K92 Mining sets example in the mining industry in Papua New Guinea, Australia commits funds to help PNG get COVID-19 vaccinations and latest survey on COVID-19’s impact on the business community.

People moves: Kina Bank, Mayur Resources, Newcrest Mining and Pacific Trade Invest

Welcome,

Kina Bank appoints two women to its executive team, Mayur Resources gets a new Non-Executive Director, Newcrest announces changes to its Board of Directors, Pacific Trade Invest appoints new marketing executive.

The great unknown: survey suggests uncertainty the biggest threat to Papua New Guinean businesses

Welcome,

Over two-thirds of Papua New Guinean businesses have experienced a ‘very negative’ impact from the COVID-19 crisis, according to a recent survey. Uncertainty over the duration of the crisis is considered to be the greatest challenge.

In brief: Papua New Guinea confirms six new cases of COVID-19 and other business stories

Welcome,

Papua New Guinea’s COVID-19 cases on the rise, Twinza Oil commences negotiations on Pasca-A, and K135 million for agriculture. The business news you need to kickstart your week.

People moves: National Executive Council, Airswift, PNG Air, Lae, Bougainville, Pacific Trade Invest

Welcome,

The National Executive Council appoints a new Petroleum and Energy Secretary, Airswift announces a General Counsel, PNG Air gets a new Chief Financial Officer, Lae names a District Administrator, the Autonomous Region of Bougainville re-shuffles its cabinet and an Acting Trade Commissioner joins Pacific Trade Invest New Zealand.

Pacific Island exporters expecting boost in orders and looking to Asia, study finds

Welcome,

A study by Pacific Trade Invest, the Pacific Islands Export Survey 2018, has found that 70 per cent of Pacific Island exporters expect to have an increase in orders over the next year. It found that Australia and New Zealand remain the two major markets outside the region, although there is growing interest in Asia.

In brief: Government dispels Australia’s China fears, and other business stories

Welcome,

Nothing to fear from Chinese influence, hydrocarbon discoveries, and Twinza Oil investment decisions. Your weekly digest of the latest business news.

Pacific exporters’ confidence high, says survey

Welcome,

A survey of exporters in the Pacific Region has found that business confidence has increased. Although they are exporting to fewer countries the total number of exports has risen since 2014.