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…
MORE ACTION REQUIRED TO PROMOTE GOOD GOVERNANCE
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…
TIMELY ACTION BY GOVERNMENT IS CRITICAL TO REALISE GROWTH PROJECTED BACKED BY THE EXTRACTIVE SECTOR
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…
NASFUND MEMBERSHIP DISCOUNT FOR LOLOATA ISLAND RESORT CUSTOMERS
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…
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…
AUSTRALIA AND NEW ZEALAND IN THE PACIFIC: THE DIFFERENCE IS MIGRATION POLICY
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,…
SECOND PHASE REVIEW INTO CENTRAL BANKING ACT UNDERWAY TO REFORM FINANCIAL SYSTEM
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…
BSP INDICATES FOREX SKIMPING DURING THE BALANCE OF 2022
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…
ANDRE DE BAKHAPOUVE IS NEW CHIEF RISK OFFICER FOR CREDIT CORPORATION
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…
TIPNG WELCOMES ANTI-CORRUPTION STRATEGY
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…