PNG’s forex inflows drop by 16 per cent in Q3

PNG’s forex inflows drop by 16 per cent in Q3

Foreign exchange (FX) market inflows in the third quarter of 2023 have witnessed a 16 per cent decline, amounting to K6 billion, in comparison to the second quarter. This development represents almost 18 per cent of FX inflows, with a significant portion of these...
Bougainville opens doors to foreign investment

Bougainville opens doors to foreign investment

The Autonomous Bougainville Government (ABG) is inviting foreign direct investment from developed nations, which include Australia, New Zealand, Japan, China, the United States, and European countries. This announcement was made by President Ishmael Toroama on the 31...
Qantas announces new flights to PNG, NZ, US

Qantas announces new flights to PNG, NZ, US

Qantas has unveiled an update to its international network including two new return services per week from Sydney to Port Moresby using a Boeing 737 aircraft beginning March 2024. These will complement the existing daily service from Brisbane to Port Moresby. Flights...