Archive for Reports News
Bank of PNG Report Update March 2013
MONETARY POLICY STATEMENT BY THE GOVERNOR OF THE BANK OF PAPUA NEW GUINEA, MR. LOI M. BAKANI Objective of Monetary Policy The objective of monetary policy in Papua New Guinea (PNG) is to achieve and maintain price stability. This entails low inflation supported by stable interest and exchange rates. The maintenance of price stability leads [...]
An Automated Inter-Bank Payment System for Papua New Guinea
The National Payments System (NPS) of a country encompasses everything to do with the movement of money from payer to payee. It covers all phases of payment from initial offer of a payment instrument to final settlement. It is the essential lubrication mechanism for the engine of the economy. (A presentation by Dr Gae Kauzi – Assistant Governor BPNG)
Bank of PNG Report Update 2012
QUARTERLY ECONOMIC BULLETIN – DECEMBER QUARTER 2011 Mr. Loi M. Bakani, Governor of the Bank of Papua New Guinea (Bank of PNG), today released the December 2011 Quarterly Economic Bulletin (QEB). This statement provides an overview of the economic and financial developments for the December 2011 quarter and the developments since December 2011. 1. UPDATE [...]
Lae a Good Place to Invest
The economy of Lae continues to grow as the major commercial centre of Papua New Guinea. The most exciting recent development in PNG is the much publicized LNG project and Lae as the gateway to the Highlands Provinces has benefitted enormously from this project. Most of the infrastructural requirements for the LNG development has been [...]
Bank of PNG Report Update 2010
In Morobe sales grew by 7.7% in the September quarter of 2009, following an increase of 6.0% in the previous quarter. The growth was driven by the manufacturing, retail, building and construction sectors. In the manufacturing sector the increase reflected a pickup in forestry products and food processing. The increases in the wholesale and retail [...]
