Five questions for YuTru’s Tony Willenberg

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YuTru, Papua New Guinea’s first digital identification or ‘trust framework’, will enable more people to access and participate in the online economy. In this exclusive interview with Business Advantage PNG, Tony Willenberg, consultant to the project, tells us how YuTru is progressing.

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In brief: Papua New Guinea’s Treasurer announces a deal to address forex issues and other business stories

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Treasurer Ian Ling-Stuckey announces a deal with the Bank of Papua New Guinea to improve the availability of forex in the country, the Australian Government and the International Monetary Fund pledge to help PNG in its medium term revenue strategy, and Lihir Gold Mining Limited to pay K54 million directly to landowners. Your weekly digest of business news.

Financial services: a sector profile

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A profile of the financial services sector in Papua New Guinea, including information on banks, finance companies, capital markets, superannuation and insurance.

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What Papua New Guinea’s central bank is saying about the economy

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Ahead of this week’s expected Supplementary Budget, the Bank of Papua New Guinea’s September Monetary Policy Statement points to continued financial pressures, despite a strong trade performance. David James considers what it means for foreign exchange and domestic demand.

Opinion: five things the Marape Government can do to foster economic recovery in Papua New Guinea

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What can the Prime Minister and his team do to support a sustained recovery? ANU’s Stephen Howes offers his suggestions.

MYEFO: Papua New Guinea’s international debt standing and forex still a problem

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What the Mid-Year Economic and Fiscal Outlook reveals about Papua New Guinea’s international debt standing and foreign exchange markets.

Manufacturing and transportation up in Papua New Guinea despite challenges in other sectors

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The Bank of Papua New Guinea’s Quarterly Economic Bulletin reports sales were strong in the manufacturing and transportation industries during the September quarter of 2018. But in other sectors revenues were revealed to be either patchy or poor. David James gives us an overview of these sectors.

What Papua New Guinea’s gold industry can expect in the global markets

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Gold is one of Papua New Guinea’s oldest export industries. Volumes have been volatile but the prospects for the sector look good, according to an expert at the World Gold Council. 

Exports booming but a mood of austerity, Bank of Papua New Guinea Quarterly Economic Bulletin suggests

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The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the December 2018 quarter. David James analyses the report and what it means for business.

Bank of Papua New Guinea urges tougher stance on new resources projects

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The March Monetary Policy Statement from the Bank of Papua New Guinea has urged the government to rethink the way it negotiates concessions and tax exemptions with new resources projects. Taking a strong position, it points to how previous agreements have been a factor in foreign exchange shortages and adverse trends in government finances.