Bank of Papua New Guinea’s quarterly report indicates economy patchy

The Bank of Papua New Guinea’s latest Quarterly Economic Bulletin points to a ‘slight improvement’ in economic activity in the September quarter driven by higher government expenditure and a marginal increase in private sector lending. It records an improvement in exports and commodity prices and a slowing in the increase of inflation, but lower employment levels.
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Economic update: slow but steady resurgence in the Papua New Guinea economy

Papua New Guinea is getting its house in order as it anticipates a period of stronger economic growth, driven in part by significant new investment in mineral production and infrastructure. In the first of a two-part series, Andrew Wilkins discusses its economy with business leaders and assesses where it is most likely to head.
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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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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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BSP CEO says forex issues will continue but medium term looks positive

Foreign exchange issues will continue in the short term according to Robin Fleming, Chief Executive of Bank South Pacific [BSP]. But he tells Business Advantage PNG that there are better longer-term prospects and that Papua New Guinea’s biggest bank is thriving in a challenging economic environment.
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