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The PNG Independent Consumer and Competition Commission (ICCC) proposed an amendment to the Prices Regulation Act in August that would allow it to “ensure the application of unilateral price controls under special circumstances (based on grounds of social equity)”. While sounding relatively benign, this amendment would in fact allow the ICCC to implement price ceilings […]
Inflation, low wage growth and little job creation have made life very tough in Papua New Guinea for the ordinary person. The PNG government has made some effort to respond to cost-of-living pressures. Depreciation of the kina, while painful for urban residents, helps rural producers earn more for their coffee exports and helps make their […]