The delayed PNG Population and Housing Census will be the most expensive ever, after the materials procured was destroyed by fire in the recent unrest on January 10.
Start of gold mining in Porgera Valley, Enga Province is expected to boost the local economy and also bring in much needed foreign currencies into the reserves.
Governor of the Bank of Papua New Guinea, Elizabeth Genia said the BPNG cannot sign a ‘comfort letter’ that would guarantee Puma PNG a minimum monthly intervention of USD 50m (K176 million) solely to fulfil their foreign exchange orders.
The decision by a major supplier of petroleum products in the country to impose a temporary restriction lid on its supply as of midnight, Thursday 25th January 2024, with impacts of this to be felt across the economy.