PC Online Tidbits

Papua New Guinea is grappling with the potential consequences of international grey-listing, with reports suggesting that local entrepreneurs are already facing difficulties in payment and transfer systems. Platforms like PayPal, Wise, and Stripe are reportedly reluctant to engage with PNG due to its perceived status as a "high-risk" country. This situation is compounded by a government response that some perceive as dismissive. The Prime Minister reportedly remarked that the country has "been there before and got out of it," while the Justice Minister denied corruption within the country. Further concerns arise from leaked documents indicating delayed payments within Treasury, allegedly pending a "facilitation fee." These notes were reportedly copied to an overseas accounting firm involved in assessing the grey-listing. Amidst these challenges, there is a glimmer of positive news: the World Bank has approved a new six-year country partnership with PNG, valued at US$1.2 billion. This partnership will concentrate on job creation, agriculture, and private sector development, offering a potential boost to the nation's economy. Separately, the article touches on the struggles of Karex, the world's largest condom manufacturer, whose share price has fallen significantly due to tariffs, budget cuts, and a weakening dollar. It also questions the potential for PNG to adopt drone technology for various purposes, including mail delivery, medical supply transport, and police surveillance, suggesting it could be a more cost-effective and efficient alternative to helicopters and ground patrols.