CATEGORY: OBG CEO Surveys
Papua New Guinea’s chairmanship of APEC in 2018 comes at a time when the nation is still grappling with a foreign exchange shortage and high public debt, as well as persistent problems with law and order. Despite these issues, C-suite executives appear optimistic for 2018, as shown by the more than 100 participants in Oxford Business Group’s second Business Barometer: PNG CEO Survey. The vast majority (77%) think that the APEC 2018 summit will have a positive or very positive effect on the economy.
With the Argentine peso in free fall, the beginning of May was a tumultuous time for the country. Even though the central bank continued to sell its reserves and raise interest rates, the depreciation of the currency appeared unstoppable.
Against the backdrop of broader fiscal reform being carried out in the country, the results of the inaugural Oxford Business Group Business Barometer: Argentina CEO Survey highlight several facets of the local business environment that C-suite executives see as in need of improvement. For example, 96% of respondents consider the country’s current tax environment to be uncompetitive or very uncompetitive on a global scale, while 59% describe the ease of accessing credit as difficult or very difficult.