PNG businesses struggle due to shortage of foreign currency

The shortage of foreign currency currently faced in the country is causing many Papua New Guinea business houses to see a decline in their sales and profit. City Pharmacy Ltd Group, one of the biggest retail businesses

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PNG fuel crisis ‘restored temporarily’

The fuel crisis in Papua New Guinea has been restored temporarily after acting Prime Minister John Rosso successfully mediated in a meeting Monday between the Bank of PNG and Puma Energy. Rosso said that the Central

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PNG Government seeks solutions to fuel crisis

Papua New Guinea acting Prime Minister John Rosso has assured Papua New Guineans, residents and businesses that a short term arrangement has been reached between Bank of Papua New Guinea (BPNG) and PUMA to continue

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PNG foreign exchange dilemma

As the Papua New Guinea 2022 General Election is well underway, the International Monetary Fund and leading banks say PNG has failed to manage its foreign exchange problems well.  IMF joins BSP Financial Limited

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