Early year stutter for PNG stocks

• Print
• Email

Updated February 4, 2010 10:16:05

The Papua New Guinea stock exchange is continuing its early 2010 decline with more bad news from Bank South Pacific.

For our regular look at the week's trading in PNG, Syd Yates adds that the Ramu mine project is nearing full commission. But as a word of warning, the outgoing bank governor Sir Wilson Kamit has told guests at his handover dinner that PNG should spend its future LNG and mining earnings "properly and productively", and reduce the reliance on trust funds.

Presenter: Geraldine Coutts
Speaker: Syd Yates, CEO of Kina Securities

• Listen:
• Windows Media

• Export orders roll in for Fiji bamboo clothes company
• Rudd wants real change in Fiji before easing sanctions
• Growing concern in Fiji over Public Order Decree
• UN monitoring promised new freedoms in Fiji
• Encouraging sign of new gold and copper find in PNG
• Transparency calls for naming of Vanuatu diplomats "on commission"
• PM says good PNG-Indonesian relations in national interest
• Queensland remembers last year's floods