Papua New Guinea’s APEC Ambassador and ABAC chair confident of successful summit

Papua New Guinea's APEC year has started, with the first Senior Officials Meeting now under way in Port Moresby. Recent experience shows the year will be successful, according to the country’s APEC Ambassador, Ivan Pomaleu. David Toua, chair of the APEC Business Advisory Council (ABAC) says it is necessary to support globalisation.
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In brief: Public debt stands at 31.9 per cent of GDP, and other business stories

Total public debt stands at K23.5 billion, review of gun licences for private security firms likely, and People's Micro Bank to be commercialised later this year. Your weekly digest of the latest business news.
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Releasing customary land for housing essential as state land runs out, says NRI

House prices still remain out of reach for most Port Moresby residents, according to a report by the National Research Institute. It says that changing the approach to customary land has become necessary because state land is running out.
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