News

Lower demand sees Papua New Guinea’s agricultural exports fall

The latest figures from the Bank of Papua New Guinea reveal the negative impact of the global pandemic on PNG's agricultural sector. Exports of all the country's major agricultural commodities fell in the 12 months to September 2020, although the falls were partly offset by improved prices in some cases.
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In brief: NCSL’s plans to become ‘best electronic bank’ in Papua New Guinea and other business stories

NCSL talks about its plans to become an ebank, Papua New Guinea's Treasurer, Ian Ling-Stuckey reveals potential second economic stimulus package for MSMEs and changes in taxation collection in Bougainville. The business news in brief.
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Papua New Guinea Government demands make Pasca A gas project ‘unfinanceable’, says Twinza Oil

The anticipated signing of a gas agreement for Pasca A, Papua New Guinea's first undersea gas project, has stalled at the eleventh hour. Developer Twinza Oil says it will stand down its project team due to a last-minute State request it claims would render the project 'unfinanceable'.
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In brief: PNG Tourism Promotion Authority reveals exit survey numbers and other business stories

Papua New Guinea's Tourism Promotion Authority reveals bleak outcome for 2020, Kumul Petroleum Holdings gets three petroleum retention licenses and new equity holders for PNG LNG. The business news in brief.
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