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PNG Economics

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‘Reckless’ kina devaluation spells disaster for PNG, says Nomane

May 8, 2024

PNG Post-Courier Papua New Guinea’s deputy opposition leader James Nomane has accused the government of “reckless economic management” that has forced devaluation to manage loan repayments in foreign currency and placate the International Monetary Fund (IMF). Prime Minister James Marape “must stop lying to the people of Papua New Guinea”, he said in a statement ... <a title="‘Reckless’ kina devaluation spells disaster for PNG, says Nomane" class="read-more" href="https://eveningreport.nz/2024/05/08/reckless-kina-devaluation-spells-disaster-for-png-says-nomane/" aria-label="Read more about ‘Reckless’ kina devaluation spells disaster for PNG, says Nomane">Read more</a>

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K630m to restart Porgera mine with new deal for PNG landowners

June 7, 2021

By Melisha Yafoi in Port Moresby It will cost the Papua New Guinea state and Australian operator Barrick Niugini Ltd K630 million (US$180 million) to reopen the Porgera gold mine. The reopening of the mine in early September will see Barrick paying out full benefits of all employees who were retrenched, including those in care ... <a title="K630m to restart Porgera mine with new deal for PNG landowners" class="read-more" href="https://eveningreport.nz/2021/06/07/k630m-to-restart-porgera-mine-with-new-deal-for-png-landowners/" aria-label="Read more about K630m to restart Porgera mine with new deal for PNG landowners">Read more</a>

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Rebecca Kuku: No end in sight for Port Moresby’s unaffordable rental prices

January 6, 2021

COMMENT: By Rebecca Kuku in Port Moresby For the majority of Papua New Guineans living in the capital of Port Moresby, providing a home for their families is only a dream as housing has become a luxury that only the rich can afford. Many families are forced to rent out single rooms for between K500 ... <a title="Rebecca Kuku: No end in sight for Port Moresby’s unaffordable rental prices" class="read-more" href="https://eveningreport.nz/2021/01/06/rebecca-kuku-no-end-in-sight-for-port-moresbys-unaffordable-rental-prices/" aria-label="Read more about Rebecca Kuku: No end in sight for Port Moresby’s unaffordable rental prices">Read more</a>

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Scott Waide: Our country, Papua New Guinea, is being taken away from us

November 16, 2020

Papua New Guinea’s opposition – bolstered by its government defectors – moved its camp to West Sepik provincial capital Vanimo at the weekened to consolidate its numbers in a move to oust Prime Minister James Marape next month, reports the PNG Post-Courier. The 13 ministers who defected to the opposition will be decommissioned this week, ... <a title="Scott Waide: Our country, Papua New Guinea, is being taken away from us" class="read-more" href="https://eveningreport.nz/2020/11/16/scott-waide-our-country-papua-new-guinea-is-being-taken-away-from-us/" aria-label="Read more about Scott Waide: Our country, Papua New Guinea, is being taken away from us">Read more</a>