TAG: Asia
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.
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.
The results of the first survey conducted by Oxford Business Group (OBG) on the practical implications of Thailand’s Sufficiency Economy Philosophy (SEP) – which places sustainability at the core of its thinking, advancing a different approach from that of short-term, shareholder value-centred ideas of economic development – reveal a great deal of interest from both local and international companies in applying the philosophy’s principles to their day to day business.