The Papua New Guinea economy is forecast to expand by four percent in 2022, up from one percent in the previous year, according to the latest World Bank Economic Update,…
“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 again,” says BSP Group General…
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 Chief Executive Officer Robin Fleming…
A World Bank commitment of US $ 200 million to help the PNG Government address critical development priorities stands to ameliorate cyclical forex constraints PNG business are faced with. The…
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…
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…