Bank of PNG directed to explore Yuan as trade currency alternative to US Dollar
The Bank of Papua New Guinea has been instructed to explore currency diversification policy options, including the possible use of the Chinese Yuan (CNY)...
Baisu prison urges PNG Power to restore electricity amid security fears
Authorities at the Baisu Correctional Institution in Western Highlands have issued an urgent appeal to PNG Power Limited to immediately restore electricity supply to...
Prime Minister Marape explains government policy on kina and foreign exchange
Prime Minister James Marape has addressed public concerns regarding recent movements in the Papua New Guinea kina against the United States dollar, saying the...
PM Marape apologizes over evictions, unveils long-term housing plan
Prime Minister, James Marape has acknowledged the hardship faced by residents affected by recent eviction exercises in Port Moresby.
PM Marape has assured the public...
BSP Banking restored in Porgera Mining Township
The Bank of South Pacific (BSP) banking services was fully restored at the Paiam Mining Township last week, following its soft opening on January...
