ANZ (including ANZ PNG)

Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.

The Papua New Guinea kina is starting to experience a very gradual erosion against its key trading currency, the US dollar.

New CEOs for Nasfund and ANZ Bank, Newcrest CEO retires, changes at National Airports Corporation, new GM for East West Transport and new marketing head at Vodafone PNG and

New boss for PNG Power, new Regional Executive, Pacific at ANZ, Jack’s of PNG welcomes new Retail Managers, and the Censorship Office announces Deputy Chief Censor.

While we’re still waiting for major projects to commence, some key data is suggesting Papua New Guinea’s economy has turned a corner.

Two new reports indicate business in Papua New Guinea and Pacific is proving resilient as the region looks to move on from the COVID-19 pandemic. A new economic report from ANZ paints a bullish picture of the future, while Pacific SMEs are predicting increased revenues.

With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country’s business leaders about the year ahead.

Negotiations for Twinza Oil’s Pasca A still ongoing, ANZ continues to waive fees for online transaction to 10 Pacific countries and Bank South Pacific implements a ‘no mask, no entry’ policy. The news in brief.

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.

Papua New Guinea’s agriculture sector has been adversely affected by the impact of COVID-19. But according to a report by ANZ Research, exports of agricultural commodities may rebound sharply next year.