Cash flow

NGIP Agmark closes hardware business due to economic situation

NGIP Agmark chairman Donald Manoa stated in the company’s 2015 Annual Report that the decision to close its hardware business was because of competition.

“The year 2015 marked a challenging time for our business. We have been forced to face some hard truths about our organisation and about the Papua New Guinea economic situation.

Opposition predicts cash flow situation

They predicted that before the mid-year the nation would experience a deficit of over K1 billion. 

The Opposition is concerned that there is either no understanding of the actual situation or  the professional political negligence on the side of those in control. 

Polye believes that raising finance for meeting fixed commitments and priorities like health, education and infrastructure maintenance will be extremely difficult. 

“The local market has lost its appetite for Treasury Bills and Inscribed Stocks.