It is generally recognised by academics, business leaders and the general public that the non-mining sector economy is in recession.

The facts are that budget over-spending, printing and spending money that we have not earned combined in decline in revenue, have landed us in a situation where kina is struggling and being artificially administered, where foreign reserve shortages are severe and bein...

MEDIA RELEASE
OCTOBER 16 2016

State's case in tatters in Singapore court

The chairman of PNG Sustainable Development Program Ltd, Rt Hon Sir Mekere Morauta, said today that the State has had a major setback in its three-year effort to gain control of PNGSDP and the Long Term Fund.

Over the past week, the Singapore Supreme Court has heard various legal arguments that highlighted the basic weakness in...

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