Central Bank issues Inflation Warning!

Posted on January 20, 2008 by Rex

The Bank of Papua New Guinea (BPNG) is concerned increasing fuel prices could trigger inflationary pressures in the economy.
 
Speaking in the bank’s Spetember 2007 quarterly economic bulletin published recently, PNG Governor Wilson Kamit said whole the country’s macroeconomic conditions generally remained favourable the fuel prices increase was a concern.
 
He added that the Somare government [...]

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Digicel Executives ordered out of PNG

Posted on January 3, 2008 by Rex

Kevin O’Sullivan, Chief Executive Officer for Digicel was ordered to leave the country immediately by David Tibu because he did not have a proper working permit to be in Papua New Guinea. Mr. O’Sullivan and 4 of his colleague where asked to depart PNG by the Secretary of Labour and Industrial Relations.
 
Now, I am not [...]

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