“Foreign Exchange (FX) market inflows gained momentum in June Quarter. FX inflows are expected to seasonally taper in September Quarter, and outstanding FX orders build-up…
NORMAL BANKING SERVICES AFTER SHORT DISRUPTIONS: BSP
Bank South Pacific (BSP) will provide normal banking services to its customers today after it closed all branches in NCD at 2pm yesterday. BSP Group…
US$ 200 MILLION FOREX RELIEF: THANKS TO WORLD BANK
A World Bank commitment of US $ 200 million to help the PNG Government address critical development priorities stands to ameliorate cyclical forex constraints PNG…
WORLD BANK COMMITS US$200 MILLION TO SUPPORT PNG ROADS, NUTRITION AND EMPLOYMENT
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…