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…
A total of K189 million will be paid to landowner groups impacted by the Papua New Guinea Liquefied Natural Gas Project (PNGLNG) as dividend of their commercial share in the…
A museum worth more than K6 million will be built up in the Star Mountains in Western Province to capture the giant Ok Tedi Mine’s rich history. Construction work is…
Christopher Kinver is project director for the Kora expansion in K92 Mine the company announced yesterday. A mining engineer with 20 years experience in the mining industry, Mr. Kinver will…
Mr. Johnson Pundari is new Chief Executive Officer of the National Development Bank commencing June, its Chairman, Darrell Seeto has announced today. Mr. Pundari will take over from acting CEO…
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…