With the worst of the COVID pandemic behind it, Papua New Guinea is preparing itself for a decade of sustained economic growth. While the investments that will drive this growth are still being finalised, business leaders tell Business Advantage PNG the country is already starting to get ready.
Green shoots and structural shifts
Welcome,
While we’re still waiting for major projects to commence, some key data is suggesting Papua New Guinea’s economy has turned a corner.
Getting investment in Papua New Guinea to return
Welcome,
Local and international investment trends suggest there is still a long way to go before the economy returns to pre-COVID levels, but some trends offer optimism and Papua New Guinea could take advantage of them.
The challenges of getting to a win/win deal
Welcome,
With less than nine months until PNG’s National Elections, set for July 2022, the ‘Take Back PNG’ agenda of the Marape Government is moving into new areas.
The ‘Four Horsemen’ of PNG’s economy
Welcome,
PNG’s Pandemic Controller David Manning’s decision to remove the requirement for international visitors to quarantine on arrival is a significant development if it lasts, making it easier for international business people and skilled workers to come to PNG.
Global issues and local benefits
Welcome,
Like it or not, geo- and climate politics look set to have an even stronger influence on PNG’s business and investment agenda.
Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?
Welcome,
Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
Searching for the green shoots
Welcome,
For the time being, PNG’s economy appears to be managing its way through the COVID-19 crisis. According the Treasurer Ian Ling-Stuckey in the Final Budget Outcome for 2020, released in the past week, the ‘economic impact of the health crisis remained within our initial estimates.’
Recent readers’ comments