Foreign direct investment into Papua New Guinea dropped in the first quarter of 2020, according to Investment Promotion Authority figures. Meanwhile, business expresses concern over proposed changes to PNG’s investment laws.
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Papua New Guinea’s coffee industry has failed to reach its full potential, but a new plan aims to fix that.
COVID-19 may have impacted the progress of Papua New Guinea’s rollout of the UN’s Sustainable Development Goals, but Prime Minister James Marape has made it clear that sustainability and progress go hand in hand, and business must play a role.
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The timing of new tariffs affecting Papua New Guinea’s agriculture sector could not come at a worse time, according to the CEO of the country’s largest employer, New Britain Palm Oil.
Regulatory uncertainty has the potential to deter investors just when Papua New Guinea needs them most, argues Paul Barker, Executive Director of the Institute of National Affairs.
With Papua New Guinea’s government debt set to rise to over 40 per cent of GDP due of the COVID-19 crisis, the International Monetary Fund’s PNG Mission Chief, Scott Roger, explains how the IMF is helping the country get back on a sustainable financial course.