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PNG Central Bank warns of High Inflation

Acting Governor of the Bank of Papua New Guinea Benny Popoitai has warned that developing economies, like Papua New Guinea would be adversely affected with high prices due to lack of social safety net programs and limited financial resources to minimize the impact, as economies are still recovering from the impact of the COVID-19 pandemic. Global inflation increased significantly in the first half of 2022, due to rising fuel and gas prices, and food grains reflecting the impact of the Russia-Ukraine war. PNG Central Bank /File Photo  In the Quarterly Economic Bulletin December Quarter 2021, Mr. Popoitai stated that the higher prices are expected to remain elevated as Russia continues to show no signs of ending the war in the near future. In light of this, the Government has introduced temporary relief measures, including raising the income tax threshold and providing tax exemptions on essential refined fuel products to relieve consumers of higher fuel prices. NBC News / PNG Today Next

Author Guest Post - Victoria Simcox

Dwarfs, gnomes, fairies, talking animals, and an evil queen – all these and more can be found in The Magic Warble , an enchanting tale of adventure and friendship by author Victoria Simcox who’s guest posting today.   Book Signings Really Aren’t Scary The mere thought of doing a book signing may be scary and intimidating to a new author. After all, you just spent months, maybe years on writing your manuscript. Then you went through the grueling process of trying to get it accepted, experiencing umpteen rejections from numerous agents or publishers, before you finally lucked out and got one to take your work. Then once the hard part was done, you thought to yourself, Yes, I’m finally published! Now I can kick back, relax and watch my book soar to the top of the best seller’s list. Well maybe that might happen in a dream or another world, but in reality, unless you’re the next J.K Rowling or Stephenie Meyer, it most likely isn’t going to be seen in the tea leaves at the bottom of your