Australia expected to announce billion dollar loan fund for Pacific

Scott Morrison Photo: AFP Australian Prime Minister Scott Morrison is expected to announce a $US1.5 billion fund to provide loans to Pacific nations today, in a speech putting forward the Government’s new foreign policy strategy in the Pacific. Australian media reports Mr Morrison will today put forward the fund, which will... more →
Posted in: Oceania Asia

5000 businesses, K45bil in investments make Aust a PNG heavyweight

The National PNG – ABOUT 5000 Australian businesses operate in Papua New Guinea, according to a statement from the Australian High Commission in Port Moresby. In addition, Australian investment in Papua New Guinea exceeds A$18 billion (K45 billion), largely in the financial services and oil and gas sectors. This underpins... more →
Posted in: Papua New Guinea