A tale of two cities: reflections on 10 years in Port Moresby and Lae

Papua New Guinea's two major cities, Port Moresby and Lae, are the heartbeat of the economy. David Conn, Chief Executive of the Port Moresby Chamber of Commerce and Industry (POMCCI) and Alan McLay, President of the Lae Chamber of Commerce (LCCI) reflect on the changes that have occurred in their respective cities over the last decade.
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Papua New Guinea participates in a global transparency initiative for the resources industries

Papua New Guinea has participated in its first report to the Extractive Industries Transparency Initiative (EITI), which is a global effort to improve transparency in resource rich countries to help them avoid the so-called ‘resource curse’.
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Analysis: lingering questions for 2016 Papua New Guinea budget, APEC and public debt

The 2016 Budget was one of emergency for PNG. Adjusting to a 20% collapse in revenue caused by plummeting commodity prices and an economic slow-down, the government has implemented harsh expenditure cuts.The Lowy Institute's Jonathan Pryke examines the budgetary impact of holding the APEC summit in Port Moresby in 2018.
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A beautiful culture misrepresented: discover the real Kokoda

Claims by the international media, and one outlet in particular, about the conditions and communities along the Kokoda Track have threatened the reputation of the tourism and trekking industry in PNG, writes Genevieve Nelson, the CEO of the Kokoda Track Foundation. An alleged incident on the Kokoda Track earlier this month is being investigated by PNG […]
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Relief in sight for Papua New Guinea businesses wanting foreign exchange, says BSP CEO

There is some relief ahead for businesses struggling to access foreign exchange, according to the CEO of the country’s biggest bank, BSP. Robin Fleming says investment in the mining and petroleum sector and a new Sovereign Bond are the keys to boosting foreign exchange inflows.
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2016 will bring pressure on Papua New Guinea government finances and currency, says Asian Development Bank

Papua New Guinea will find itself in a tight fiscal situation in 2016, according to the latest analysis by the Asian Development Bank's economists. While more efficient public spending could yield large savings, they suggest more may need to be done to arrest the downward pressure on the currency.
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