The possible ‘decoupling’ of China and the US, COVID can infect people from further than six feet away and Timor Leste creates an appetite for traditional foods. Readings from around the world on business, leadership and management.
Timor Leste
Koki Fish Market in Port Moresby introduces a fee for traders, pig prices headed for a steep jump, and what a ridesharing company can teach us about gratuity. Readings from around the world on business, leadership and management.
A well-managed economy and a 20-year vision are two reasons Credit Corp has set up shop in Timor-Leste. Country Manager, Chris Durman, outlines his own vision to Business Advantage PNG.
With its longstanding dispute with Australia over the Timor Sea resolved, neighbouring Timor-Leste looks set to expand its petroleum and mineral industries. Meanwhile, its government is actively seeking investors in agriculture and fisheries, tourism and services, according to Abel Guterres, Timor-Leste Ambassador to Australia.
Growth across the Pacific region is expected to slow slightly during 2013, with Timor Leste, Papua New Guinea and Nauru the outstanding performers, according to a mid-year review by the Asian Development Bank.
Papua New Guinea’s gross domestic product is set to increase by 5.5% in 2013, according to the Asian Development Bank’s latest Pacific Economic Monitor, released last week. This is compared to growth of 9.2% in 2012.
Papua New Guinea is expected to remain the standout economy in the Pacific over the coming year, with its success having a knock-on effect on neighbouring Solomon Islands. Business Advantage summarises the outlook for the region’s larger economies.