In the first article in this two-part series, Jenny Hayward-Jones outlined seven key issues that confront Papua New Guinea’s emerging leaders. In this second part, she identifies the long-term trends that will challenge PNG and four areas of reform that would—if focused on—yield the greatest gains for the country.
There are many challenges facing Papua New Guinea but which are the most critical to address first? In the first of a two-part series, Jenny Hayward-Jones outlines seven key issues that confront the nation’s emerging leaders. In the second part, she identifies which areas to target first. Trying to solve all of them at the same time, she believes, will not deliver the progress Papua New Guineans expect.
Contracts in Papua New Guinea can be challenging, according to research from the World Bank. The Bank’s Doing Business 2016 survey ranked PNG only 169 out of 189 in the world for ‘enforcing contracts’. It pays to be well informed, says Peter Taimre.
Over 60,000 expat workers are employed in Papua New Guinea. As its economy has grown, the number of foreign workers coming to Papua New Guinea has increased. Scott Roberts of recruitment consultants Cadden Crowe describes some dos and don’ts when bringing expats to PNG.
The Bougainville conflict, which lasted from 1988-1998, was critical to defining how sovereign risk was perceived in Papua New Guinea. Former PNG Prime Minister, Sir Julius Chan, knew that keeping the island was vital both for the PNG economy and the nation’s status as an investment destination. He reflects on the extraordinary events in his autobiography.
Papua New Guinea’s two major cities, Port Moresby and Lae, are the heartbeat of the economy. David Conn, Chief Executive of the Port Moresby Chamber of Commerce and Industry (POMCCI) and Alan McLay, President of the Lae Chamber of Commerce (LCCI) reflect on the changes that have occurred in their respective cities over the last decade.
The Personal Property Security Act 2011 (PPSA) is expected to commence operation in PNG in the first half of this year. It is a significant legislative change that will affect many Papua New Guinea businesses.
The United Nations Development Programme (UNDP) has been operating in PNG for 50 years. Roy Trivedy, the UNDP Resident Representative in Papua New Guinea, reflects on the country’s economic and social development and why working together—’Yumi Wok Wantaim’—is vital.
A new paper by experienced Pacific journalist Sean Dorney argues passionately for a re-think of Australia’s relationship with Papua New Guinea. As its title suggests, The Embarrassed Colonialist paints a portrait of a country that hasn’t quite worked out how to engage with his nearest neighbour.
Papua New Guinea has participated in its first report to the Extractive Industries Transparency Initiative (EITI), which is a global effort to improve transparency in resource rich countries to help them avoid the so-called ‘resource curse’.