Patrick Cooke: ALL BLOG POSTS
Thai businesses operating across all economic sectors have conveyed a consensus that adopting principles originating from the Sufficiency Economy Philosophy (SEP) of His Majesty King Bhumibol Adulyadej in their everyday business activity correlates strongly with long-term growth benefits. The adoption of such principles highlights the importance of practising moderation with regard to business growth, reasonableness with regard to decision-making and investment, and prudence with regard to instilling risk management to prepare for economic shocks.
Papua New Guinea’s economy appears to be accelerating once more following a period of slow expansion. The improving performance of the economy, which relies heavily on mineral and agricultural exports, is reflected in the positive business sentiment of C-suite executives polled in Oxford Business Group’s inaugural OBG Business Barometer: PNG CEO Survey.
Papua New Guinea’s economy appears set to see a recovery in 2017 – a forecast reflected in the positive business sentiment of C-suite executives polled in Oxford Business Group’s inaugural OBG Business Barometer: PNG CEO Survey. Despite some weak headline numbers, depreciation of the kina and a shortage of US dollars have slowed imports and led to pockets of local strength, while robust activity in the small and medium-sized enterprise segment is also being observed.