Day: February 11, 2020
Bank expects forex will tighten
FOREIGN exchange (FX) liquidity in the country is expected to tighten, and volumes fall, after stronger foreign exchange inflows last December, according to Bank South Pacific. Group general manager treasury […]
Partnership signed to provide logistical service to mine
A JOINT venture agreement to provide logistics to the K92 mine in Eastern Highlands was signed between the NKW Group’s Pacific Cargo Services (PCS) and landowner company Bildeco on Friday. […]
Local farmers finally get attention, make first shipment
RURAL bulb onion farmers in Gembogl, Chimbu, who struggled to get Government’s attention for access to markets have been finally reached. The farmers produced 407 bags of onions (equivalent to […]
Concessional rates given to help: Exec
CONCESSIONAL rates on loan products are given to help business start-ups, with a longer period for repayments, a bank official says. People’s Micro Bank Ltd (PMBL) chief executive officer Anthony […]
Cable nearing activation
PNG DataCo Ltd is two months behind full activation of the Coral Sea Submarine Cable (CS2), according to the company. The Coral Sea submarine cable system would provide 100 gigabytes […]
Landowners ink agreement to increase production
By BRADLEY MARIORI THE Luhu Incorporated Land Group (ILG) at Poahom outside Lae signed a memorandum of understanding (MoU) extending the previous one signed two years ago to increase production […]
PNG should improve image to attract higher yielding tourists, says Sir Peter
THE country’s tourism industry should go into damage control to minimise the adverse effect it has on poor image, says Madang businessman Sir Peter Barter. “List the obstacles and then […]
Number of cruise ships predicted to decrease over outbreak
By CLARISSA MOI THE number of cruise ships coming into the country is expected to decrease due to the coronavirus threat in the Asian market, according to Madang businessman Sir […]
PNGFA ready as host
By PARKER TAMBUA THE Papua New Guinea Football Association (PNGFA) says it is ready to host the Oceania Football Confederation (OFC) Champions League Group A fixtures which kick off in […]
Games planning begins
TEAM Papua New Guinea began its planning for the next four-year cycle of events with a Games planning workshop in Port Moresby on Saturday. Hosted by the Papua New Guinea […]