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 […]
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 […]
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)
TWO DAY CONFERENCE, 10 & 11 september 2012 – Gateway Hotel, Port Moresby, Papua New Guinea. Register now. Monday 10 September 2012: The PNG International Investment Summit. Tuesday 11 September 2012: The PNG Infrastructure Summit. Early-bird registrations close 27 July 2012.The Papua New Guinea Advantage 2012 conference is dedicated entirely to the promotion of business and investment in PNG.
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 […]
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 […]