Papua New Guinea Commerce Minister wants stock exchange opened up to attract more foreign investment

Commerce and Industry Minister, Wera Mori, says the government is focusing on new laws to open up Papua New Guinea's capital markets to attract foreign investment. He also told business in Port Moresby this week that the government alone cannot rebuild the country's economy and has called for a new bond between the state and the business community.
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In brief: Foreign exchange reserves to be about US$2 billion by year’s end, and other business stories

Rise in foreign exchange reserves expected, K1.3 billion required annually for road maintenance work, and Ramu nickel project to have 35 year life. Your weekly digest of the latest business news. 
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Transparency Initiative report calls for improved systems in extractive sector in Papua New Guinea

The Extractive Industries Transparency Initiative Report for 2016 has found that improvements are being made to registry and payment systems, but more needs to be done. It notes that budgeting to government revenues remains difficult because of the industry’s volatility and the relatively small number of companies paying full tax.
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Moody’s puts a negative rating on Papua New Guinea’s sovereign debt

The ratings agency Moody’s has affirmed Papua New Guinea’s B2 rating, but downgraded it from ‘negative from stable’, citing higher government liquidity risks, increased gross borrowing requirements and limited funding sources. It points to a growing reliance on short-term debt.
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