Following completion of the Frieda River Project Environmental Impact (EIS) roadshows, the head of Government’s environment regulatory agency Mr. Jude Tukuliya has made a unique…
Kina Records Solid Performance In 2023
Kina Bank has declared a handsome net profit of K105.2 million for 2023. The profit represents a decrease of 0.8 percent relative to 2022 due…
SUPERANNUATION LANDLORD WELCOMES GOVERNMENT DEPARTMENTS TO VULUPINDI
The iconic Valupindi Haus in Waigani will now become the home of the Department of Education following relocation of Department of Finance and Planning to…
MOU PAVES WAY TO ESTABLISH IPA SERVICES IN EASTERN HIGHLANDS
A memorandum of understanding (MOU) between the Investment Promotion Authority (IPA) and the Eastern Highlands Provincial Administration will enable access to IPA services from the…
WAPENEMENDA SET TO ROLL OUT SME TRAINING FOR ECONOMIC EMPOWERMENT
The Wapenamanda District Development Authority in Enga is embarking on a training program for Small to Medium Enterprises to help expand the local economy. Registration…
FOREIGN EXCHANGE MARKET INFLOWS GAIN MOMENTUM IN THE JUNE QUARTER
“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…
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…