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‘A hint of optimism’: Business Council says Papua New Guinea’s businesses are settling into new normal

12 May 2021 by Leave a Comment
There are signs of optimism in the Papua New Guinea business community, according to a survey of market conditions by the Business Council of Papua New Guinea. It suggests that, while the pandemic has exacted a severe financial toll, businesses have now ‘settled’ and are navigating the challenges of the new environment.
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‘There could not be a better time’ for Papua New Guinea’s new foreign investment laws

15 Mar 2021 by Leave a Comment
Now is the time to focus on restarting foreign investment in Papua New Guinea, says Clarence Hoot, Managing Director of the country’s Investment Promotion Authority. He tells Business Advantage PNG the IPA’s priorities for the year ahead, which include getting new foreign investment laws through Parliament.
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More jobs, better recovery strategy: what Papua New Guinea’s economy needs to thrive

10 Mar 2021 by Leave a Comment
The most important economic issue facing Papua New Guinea is job generation, according to Douveri Henao, Executive Director Business Council of PNG, and Paul Barker, Executive Director of the Institute of National Affairs.
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Papua New Guinea facing a ’triple crisis’, says World Bank economist

3 Mar 2021 by Leave a Comment
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.
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COVID silver linings: Bank of Papua New Guinea releases economic bulletin and not all is bad news

1 Feb 2021 by Leave a Comment
The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the March and June 2020 Quarters. It shows that the economy and government finances came under great pressure because of the COVID-19 lockdowns, but that the impact was uneven.
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