The Papua New Guinea economy is facing significant challenges, as growth reaches 20-22% next year, ANZ Asia-Pacific Chief Economist Glenn Maguire told this month’s Papua New Guinea Advantage Investment and Infrastructure Summit in Port Moresby.
Opinion & analysis
The creation and now the production of the LNG plant highlights the next major challenge facing Papua New Guinea: How to grow the non-mining sectors. Economist Dan Gay says the key is to grow the domestic economy, and the internet and service industries.
Next year, the Papua New Guinea economy will boast the biggest growth in the world. Rowan Callick looks at what political leaders and policymakers must do to take advantage of the country’s talent and opportunities.
With a new port, a new hospital and plans to redevelop Nadzab Airport, things are looking up for Lae, Papua New Guinea’s second-largest city. However, says Alan McLay, these developments highlight a shortage of land, and a need for more effective town planning.
Indonesia is the only country with which Papua New Guinea has a land border. This week, it elected a new President. So, just who is Joko Widodo, and what kind of neighbour will Indonesia be under his leadership? Business Advantage PNG’s Jakarta correspondent reports.
Worried about the impact of the new minimum wage? The agriculture sector and struggling businesses can apply to pay less than the latest increase, according to analysis provided to Business Advantage PNG by KPMG’s Port Moresby office.
Business ties between Papua New Guinea and Japan have strengthened following last week’s visit to the country by Japanese Prime Minister Shinzo Abe. Business Advantage PNG discusses the significance of the visit with the Lowy Institute’s Jenny Haywood-Jones.
One of the biggest economic and social challenges facing the PNG government is jobs growth for its rapidly growing workforce in a post-LNG construction economy, according to the Asian Development Bank’s latest report card.
The rapidly weakening kina, deficit spending and the financing of government debt is piling pressure on the Papua New Guinea government to boost economic confidence. Economist Dr Mark Evans considers some of the issues facing both government and business.
Because computer use has become an integral part of modern-day life and work, keeping information technology secure has become a concern for all businesses, from the sole trader to large corporations. Robert Blackman offers ten steps you can take to help safeguard your company’s IT systems from digital destruction.