While Papua New Guinea’s tourism sector is still rebounding from COVID-19, a new strategy for the sector, plus key infrastructure investments, looks set to support future growth.
Features
Leata Alaimoana Queensland’s recently-appointed Trade Commissioner to the the Pacific, speaks with Business Advantage PNG about plans to strengthen the Sunshine State’s economic presence with its closest neighbour, PNG.
While higher costs, supply chain glitches and restricted trading have underpinned a tough two years, the head of Heineken-owned SP Brewery foresees better times ahead.
International hotel chains are finally arriving en masse in Papua New Guinea. Business Advantage PNG takes a closer look at this noteworthy property trend.
Last year, the United Kingdom government used major sporting events like the Commonwealth Games and the Rugby League World Cup to showcase Papua New Guinea coffee. Keith Scott, the UK’s High Commissioner to PNG, tells Business Advantage PNG of further plans to encourage more business with post-Brexit Britain.
On the cusp of the Vodafone PNG’s first anniversary, Business Advantage PNG caught up with recently-appointed CEO, Danny Chew. He reflects on how the new entrant has changed the dynamics of Papua New Guinea’s telco market, and shares what’s in store.
There is broad agreement that Papua New Guinea needs more competition in its banking sector, and several finance companies have flagged their desire to acquire banking licences. What happens next, however, is likely to depend on government action.
Freight volumes into PNG’s two major international ports, Motukea and Lae, were up substantially in 2022. New resources projects and transformative investments look set to drive further expansion.
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.
The recent arrival of two major international players into Papua New Guinea’s telecommunications sector has provided it with a timely boost – and a platform for much-needed growth.