The outbreak of violence in Papua New Guinea has forced major Australian companies with businesses in the country to shutter their offices.
Westpac and ANZ, the two Australian banks with a presence in PNG, have closed their branches and corporate offices since Thursday. Port Moresby is being patrolled by soldiers and police after rioting led to the death of at least 16 people this week. The government has declared a 14-day state of emergency.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
