Boosting digital economy key to developing Papua New Guinea’s MSMEs, entrepreneurs tell APEC forum

The development of micro and small and medium sized businesses (MSMEs) in Papua New Guinea requires innovation, cheaper internet access, embracing a digital economy and creating hubs for sharing ideas, entrepreneurs told an APEC discussion forum in Lae. They say without these elements the government’s goal of creating 500,000 SMEs by 2030 will not happen.

Analysis: Graduates get jobs in formal sector despite tough economic conditions

In a slow economy getting jobs in the formal sector can prove difficult. But Rohan Fox, a Researcher at the Australian National University’s Crawford Policy Centre, says his research suggests that graduates of the University of Papua New Guinea do find employment.

Kina overvalued and one option is to have dual exchange rate, says economist

The kina is more than 20 per cent overvalued, according to Marcel Schroder, a lecturer in economics at the Development Policy Centre in the Australian National University (ANU), speaking to a joint University of Papua New Guinea/ANU event in Port Moresby. One option is to introduce a dual exchange rate for a limited time.

Five questions to economist Rohan Fox on Papua New Guinea’s exchange rates and APEC 2018

Papua New Guinea needs greater flexibility in the exchange rate, Rohan Fox, Lecturer and Research Fellow at the University of Papua New Guinea’s Division of Economics, explains to Business Advantage PNG. He believes APEC will be a boost to the economy but not enough to spark a general recovery.