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By Staff Reporter : PNG Today

Sir Julius Chan warns of looming financial crisis

One time PNG's Finance  Minister and now  New Ireland Governor, Sir Julius Chan, has warned Papua New Guineans that the worst is yet to come.

Sir Julius when commenting on the current cash-flow situation facing the country says, there's been a restriction on the outflow of money on a lot of shops and businesses will feel the effect.
In fact, this is the first time Sir Julius Chan has come out public about the country's current financial situation.

He says a lot of them will not feel the effect now as they still have their stocks.
Sir Julius says even the foreign investors will think twice in investing in PNG, because they will bring in their money but will not take it out. NBC/PNG Today

Posted by Staff Reporter : PNG Today on 2:28 AM. Filed under , , , . You can follow any responses to this entry through the RSS 2.0. Share this Article


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