People Moves: University of Papua New Guinea, Judicial and Legal Services Commission, Global Fund

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The University of Papua New Guinea welcomes a Vice Chancellor, the Judicial and Legal Services Commission of Papua New Guinea announces a new Chief Magistrate and the Global Fund elects a Vice Chair of the Board.

Archaeologists uncover new stories about Indigenous seagoing between Papua New Guinea and Australia

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A team of researchers have discovered evidence of trade between Papua New Guinea and Australia over 2,500 years prior to colonisation. Their findings will help unravel the forgotten shared history of PNG and Indigenous Australia across the Torres Strait. 

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

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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

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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

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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

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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.

People moves: Asian Development Bank, UPNG, Chinese Embassy, PNG High Commissioner to UK

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A new Country Director for the Asian Development Bank, Vice-Chancellor of UPNG steps down, the new Chinese Ambassador presents his credentials, and PNG’s UK High Commissioner takes on a key EU role

In brief: Government to discuss future of Bougainville shares and other business stories

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National Executive Council to discuss future of Bougainville shares, gold production at Lihir up and Bougainville government launches a new tourism initiative. Your weekly digest of the latest business news.