PNG’s forex inflows drop by 16 per cent in Q3
Foreign exchange (FX) market inflows in the third quarter of 2023 have witnessed a 16 per cent decline, amounting to K6 billion, in comparison to the second quarter. This development represents almost 18 per cent of FX inflows, with a significant portion of these...
Bougainville opens doors to foreign investment
The Autonomous Bougainville Government (ABG) is inviting foreign direct investment from developed nations, which include Australia, New Zealand, Japan, China, the United States, and European countries. This announcement was made by President Ishmael Toroama on the 31...
Inflation surge prompts savings reduction, debt repayment warnings
In light of the anticipated rise in inflation to approximately 6 per cent by the end of this year, up from the previously expected 2.8 per cent before the 2022-2023 National Budget announcement, the Reserve Bank of Fiji (RBF) has issued a cautionary note, forewarning...
Australia’s bid to host climate talks is welcome but its words must be matched with action
By Ralph Regenvanu The Pacific Islands Forum this week will bring together nations who share what we call the Blue Pacific Continent, stretching from the hundreds of islands and atolls of Micronesia in the North all the way down to the Alpine like conditions of New...
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