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Inflationary pressure to increase says BPNG

Bank of Papua New Guinea have forecasted a five percent increase on consumer price index [CPI] for 2024. Bank of PNG Governor Elizabeth Genia admits inflation will continue, on the back of a weaker PNG Kina against United States Dollar and in the “next 6 months we [BPNG] will have to make some tough policy […]

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Central Bank chairman gives thumbs up on new appointments

The Bank of Papua New Guinea now have a full board following recent appointments by the National Executive Council of four additional members, increasing the full ceiling to nine. Board chairman David Toua said the caliber of recent appointees brings much needed experience and expertise to the board. “First time under my tenure as chair, […]

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Inflation to increase

Papua New Guinean’s will continue to dig deeper into their pockets to pay for basic food items. The increase in cost of living will continue in 2024. Bank of PNG Governor Elizabeth Genia admits inflation prices will continue because of the depreciation of the Kina against United States Dollars, which is the major international trading […]

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Impacted communities in Panguna tailings areas want mine waste removed

Impacted communities surrounding the Panguna mine say they want the Bougainville Copper Limited (BCL) to conduct a proper cleanup of its wastes in their community before it can continue to operate any new activities in the mining lease area. The autonomous Bougainville government granted Exploration License (EL01) to the BCL early this year to conduct […]

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National Government underfunds Bougainville police Service

Challenges in manpower, mobility, infrastructure, other equipment and welfare continue to haunt the Bougainville Police Service (BPS) from effectively performing its duty. BPS was created following the signing of the 2001 peace agreement and is subject to the care and funding from both the national government and the autonomous Bougainville government. Minister responsible in the […]

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MVIL renews agreement with Sandaun Provincial Government

Motor Vehicles Insurance Limited [MVIL] and the Sandaun Provincial Government [SPG] will continue to work in partnership under the Two-ln-One-Sticker Memorandum of Agreement [MoA]. On Tuesday in the border province capital, MVIL chief executive officer Michael Makap and acting Provincial Administrator Conrad Tilau put ink to paper to renew the MoA. The MoA is an […]

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Caught red handed with same drug kits in court

Not a myth but a true meth story. A young woman who turned up at the Waigani Committal Court on drug possession charges carried potential evidence for police to slap her with additional charges.      According to a Police Report, on Tuesday, Cecilia Kumbakor, a 19-year-old female appeared in court on methamphetamine charges was rearrested […]

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Former top bankers appointed to Central Bank Board

The National Executive Council have picked former heads of Bank South Pacific [BSP] and Australia New Zealand [ANZ] Banks to be members of the country’s Central Bank board.   Prime Minister James Marape announced yesterday that, the former BSP chief executive officer Sir Robin Fleming and former ANZ Country Head, Mark Baker, will serve as […]

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Commission warns teachers to resign before contesting elections

Teachers participating in the Local Level Government elections have been instructed to submit their resignation letters with clear notice dates before the issue of writs on June 27. Teaching Service Commission chairman Samson Wangihomie issued this call urging teachers to cease their duties and vacate the school once their resignation have been approved. With the […]

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Total solar eclipse not visible in PNG

Papua New Guineans couldn’t join the excitement to witness the Total Solar Eclipse which was only visible in the United, Canada and Mexico yesterday (8th April). PNG including India, Pakistan, Sri Lanka, Nepal, Afghanistan, Fiji, Mauritius, United Arab Emirates, Asian countries, South Atlantic Ocean, Africa, Australia and most of Europe continent were not in the […]