News

In brief: Papua New Guinea Treasurer says banks’ kina trading range too high and other stories

Banks trading 'well and above' preferred kina rate, minister wants business contracts under K10 million to be reserved for Papua New Guineans, and Bakani says reserves will last seven months. Your weekly digest of the latest business news.
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In brief: Prime Minister resists arrest warrant and other stories

Prime Minister Peter O'Neill refuses to step aside after corruption claims, courts approve UBS loan repayments and Papua New Guinea's financial system is worth nearly K40 billion. Your weekly digest of the latest business news.
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Stronger kina will affect exporters, say business leaders

The Bank of Papua New Guinea's move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.
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In brief: Ratings agency warning on debt and other business news

Moody's warns debt could prompt downgrade, tax review committee considers capital gains tax and an EU warning to curb illegal fishing in PNG. Your weekly digest of the latest business news.
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