On this episode of Business PNG, we visit the Madang Province for the official opening of the Madang Town Market.
After months of construction, the people of Madang finally have a modern, upgraded market to sell their goods and services.
The recent opening of the Main Madang Market saw the town’s people gather in celebration to witness the opening.
Also on this episode, following their continuous investment in eliminating financial literacy, the Bank of PNG and their partners will be hosting a Financial Inclusion Expo in Mount Hagen, at the end of this week.
Governor for the Central Bank, Loi Bakani, spoke with Business PNG about what is to be expected at the expo.
Finally, we take a look at Brexit, Great Britain’s decision to leave the European Union, and its implications on Papua New Guinea.
Before the referendum that decided the United Kingdom’s fate in the European Union, experts predicted volatility in the international markets that will be felt the world over, causing political and financial instability.
This prediction proved to be true when the pound reached a 31 year low against the US dollar and the euro. Like a ripple effect, stock markets began feeling the impact of Brexit, including Commonwealth member countries, such as Papua New Guinea.
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