With key Pacific economies such as Fiji and the Solomon Islands now opened up after COVID, what opportunities do they offer Papua New Guinea-based businesses, and what are the keys to success? Some experts provide their insights.
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China remains Papua New Guinea’s second largest source of imports and third-largest export market. Fresh from over three years in Beijing, Austrade’s new Deputy CEO considers the prospects for doing more business with China.
The Pacific Island Forum (PIF) was held last week in Suva. New faces, more journalist and the launch of the 2050 Strategy for the Blue Pacific Continent spell the success of this meeting. Dr Tess Newton Cain and journalist Stefan Armbruster analyse the meeting and what it could mean for the future of the region.
Infrastructure funding aimed at climate change mitigation and a new Pacific Engagement Visa are among the expected initiatives from the new Australian government elected last weekend.
Samoa is one of the few countries in the world that remains COVID-19 free. Prime Minister Fiame Naomi Mata’afa outlines the challenges, and trade and investment opportunities that re-opening the country to the world bring.
Manasseh Maelanga, the Deputy Prime Minister of the Solomon Islands, says the Pacific country’s new government has turned its attention to infrastructure. Measures are being put in place to encourage private sector involvement in roads, ports and industrial townships.
Papua New Guinea and the Solomon Islands face similar challenges and opportunities. Atenasi Ata, CEO of the Solomon Islands Chamber of Commerce and Industry, tells us why both countries are particularly well-placed to do more business with each other.
The creation of a one-stop shop US development bank will see a doubling of available infrastructure funding for Asia-Pacific projects, and is expected to boost the PNG Electrification Partnership. It comes as the US, Australia and Japan have unveiled the Blue Dot Network, an initiative designed to compete with China’s Belt and Road Initiative in the Pacific region.
Papua New Guinea could be on the cusp of a sustained period of strong economic growth, and Fiji should be seeking closer economic ties, says Kishti Sen, International Economist for the ANZ Banking Group, in an exclusive interview with Business Advantage PNG.
The writ has been issued and postal voting has commenced ahead of the long-awaited referendum on independence for the Autonomous Region of Bougainville. Here are nine things you should know about the referendum.