Economy

Economy. The review of the press Papua New Guinea the Head of Treasury Papua New Guinea (APG) Ling Ian - Staki declared that the Government of the country is compelled to re-structure credit of 375 million kina (US$105,9 million) on satisfactorier conditions to pay for "unsuccessful" investments. Mr. Ling Ian - Staki noted that it is connected with the transaction of the previous government under the direction of Peter O’Nil which agreed to single payment of 375 million kina if Petromin [a comment nowadays Kumul Minerals] is not able to pay credit BSP taken for realization of the deep-water...