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Banking and finance

Less than 5 per cent of Papua New Guinea businesses getting foreign exchange when they need it: poll

29 May 2019 by Leave a Comment
As far as business is concerned, Papua New Guinea’s foreign exchange challenges are far from over. That’s according to an exclusive Business Advantage PNG poll, which indicates the majority of businesses are still experiencing significant delays in meeting their foreign currency needs.
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Papua New Guinea’s new finance sector strategy a response to ‘staggering’ growth

20 Feb 2019 by Leave a Comment
Massive growth in participation has forced the Papau New Guinea Government to come up with new strategies for the finance sector and financial inclusion. Business Advantage PNG's David James reviews the strategies and finds a greatly enhanced role for the central bank.
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Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor

29 Jan 2019 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.
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