The World Bank’s Board of Executive Directors has approved three new projects with a combined commitment of over US$200 million (PGK722 million). The projects will support Papua New Guinean communities…
Good governance provides a conducive environment for investment and opportunities for employment, which in turn generate government revenue from taxes. However, promoting good governance has been a long-standing issue in…
The PNG economy stands to make a quick recovery and growth can pick up this year if the Government acts early to facilitate recovery in a fragile environment as the…
Papua New Guinea’s leading superannuation provider, National Superannuation Fund (Nasfund), and the country’s premier island resort, Loloata Island Resort, have partnered to provide more value for Nasfund contributors. Through the…
By Patrick Köllner During her recent visit to Fiji, new Foreign Minister Penny Wong announced that the Australian government would create a Pacific Engagement Visa, providing a pathway to permanent…
A second review of the Central Banking Act aimed at creating a robust financial system in Papua New Guinea is underway with position papers accepted from the public before 22nd…
Bank South Pacific says forex supply at its disposal is lower compared to the same period last year as there had been a build-up of forex orders in recent months.…
Mr Andre De Bakhapouve is the new Chief Risk Officer with Credit Corporation effective last week. The company announced and welcomed Mr Bakhapouve to the company as its Chief Rrish…
An anti-corruption work-plan by a Government agency has been praised and welcomed by the PNG chapter of Transparency International. The National Economic and Fiscal Commission (NEFC) last week launched its…
DEBT ISSUES IN PAPUA NEW GUINEA – PRACTICAL SOLUTIONS
The issue of debt, particularly the fear of it inducing Papua New Guinea bankrupt to the extend of surrendering sovereign rights to creditors has been a source of public anxiety…