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Bank of Papua New Guinea revises down growth expectations

12 Oct 2020 by David James Leave a Comment

In his latest Monetary Policy Statement, the Governor of the Bank of Papua New Guinea, Loi Bakani, forecasts GDP will decline by four per cent in 2020 but rebound slightly next year. He also expressed concerns about changes to the Central Banking Act.
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‘Another 20 years wasted’? Ramamurthy says the stakes are high for internet reform in Papua New Guinea

12 Oct 2020 by Paul Chai 2 Comments

It is critical Papua New Guinea does not squander the opportunities provided by the Coral Sea Cable System, says the Chair of the Business Council of PNG’s Internet Working Group, Sundar Ramamurthy.
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Harder than expected: introducing Papua New Guinea’s new resources laws

1 Oct 2020 by David James 1 Comment

The Marape government’s proposed introduction of a new Organic Law for mining, and oil and gas projects will do away with Papua New Guinea’s ‘robust’ legal regime, according to Vaughan Mills, Head of PNG Practice for Corrs, Chambers Westgarth.
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The road ahead: Papua New Guinea’s GDP could rebound by 3.2 per cent next year says the World Bank

1 Oct 2020 by David James Leave a Comment

Two new World Bank reports outline the challenges facing Papua New Guinea in the wake of the COVID-19 economic shutdowns in the Asia-Pacific region.
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Tickets without queues: Ticket Bilum solves ticketing dilemma in Papua New Guinea

30 Sep 2020 by Gabriella Munoz Leave a Comment

Want to buy tickets to see your favourite rugby team but can’t afford to spend two hours queuing to get seats? The Papua New Guinean app Ticket Bilum comes to the rescue. Its owner, Tidman Ikosi, talked about the app’s inception, its future and COVID’s silver lining during an ecommerce forum.
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‘Economic lifelines’: Connect PNG outlines key road projects to help boost Papua New Guinea’s COVID recovery

30 Sep 2020 by Paul Chai 4 Comments

Connect PNG has a five-year plan to establish a single, unbroken highway network for Papua New Guinea. David Wereh, Secretary of the Department of Works and Implementation, takes Business Advantage PNG through the challenges.
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‘SMEs are hurting’: ANZ’s Mark Baker on the bank’s post-COVID challenges in Papua New Guinea

28 Sep 2020 by David James 2 Comments

Renegotiating terms or refinancing are proving to be the best way to deal with the shock caused by COVID-19 according to Mark Baker, Managing Director of ANZ Bank Papua New Guinea. In an exclusive interview he tells Business Advantage PNG that improving confidence is the big challenge.
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Ringing in the changes: SIM registration the biggest challenge to bmobile’s ecommerce future in Papua New Guinea

28 Sep 2020 by Paul Chai Leave a Comment

Anthony Pakakota, CEO of bmobile, said that the company’s future is in the space of ecommerce, but some challenges remain, including SIM registration for Papua New Guineans with no form of identification.
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Money for reforms: ADB offers Papua New Guinea COVID assistance

23 Sep 2020 by David James Leave a Comment

The Asian Development Bank is looking to provide as much as US$800 million (K2.8 billion) in new funding to support Papua New Guinea’s budget, according to its Country Director, David Hill.
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Papua New Guinea could see more than K2.5 billion from regional infrastructure funds

21 Sep 2020 by Paul Chai 4 Comments

Speaking at a Business Advantage PNG webinar, two of the region's largest infrastructure investment funds – the Asian Development Bank and the new Australian Infrastructure Finance Facility for the Pacific – have announced major support for road and electricity projects in Papua New Guinea, with more to come.
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Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]

Sections

Bank of Papua New Guinea revises down growth expectations

‘Another 20 years wasted’? Ramamurthy says the stakes are high for internet reform in Papua New Guinea

Harder than expected: introducing Papua New Guinea’s new resources laws

The road ahead: Papua New Guinea’s GDP could rebound by 3.2 per cent next year says the World Bank

Tickets without queues: Ticket Bilum solves ticketing dilemma in Papua New Guinea

‘Economic lifelines’: Connect PNG outlines key road projects to help boost Papua New Guinea’s COVID recovery

‘SMEs are hurting’: ANZ’s Mark Baker on the bank’s post-COVID challenges in Papua New Guinea

Ringing in the changes: SIM registration the biggest challenge to bmobile’s ecommerce future in Papua New Guinea

Money for reforms: ADB offers Papua New Guinea COVID assistance

Papua New Guinea could see more than K2.5 billion from regional infrastructure funds

Editor’s picks

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

Report from the 2024 Papua New Guinea Investment Conference

Australia’s new Pacific Engagement Visa an ‘opportunity’ for PNG businesses

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