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Finding Balance – Benchmarking the Performance of State-Owned Enterprises in Papua New Guinea

This is the first state-owned enterprise (SOE) benchmarking study to include Papua New Guinea (PNG). It has been undertaken at the request of the government of PNG in order to inform its efforts to improve SOE performance and contribute to the increased transparency in the sector. Participation in this study must be commended as a demonstration of the government’s willingness to identify and address the core issues within the SOE portfolio, as transparency is an essential precursor to successful reform.

Bank of PNG – March 2014 Quarterly Bulletin

Bank of PNG – March 2014 Quarterly Bulletin Executive Summary Papua New Guinea’s economy continued to grow for the thirteenth consecutive year in 2013 and inflation remained below forecasts. On account of low international commodity prices and high demand for imported goods and services, the kina depreciated against the major currencies to the benefit of…

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…