Small and medium-sized enterprises (SMEs) are to receive new incentives in Papua New Guinea, as the government aims for a 10-fold increase in the number of such businesses, from 50,000 to 500,000, and a fivefold increase in the segment’s contribution to GDP, from 10% to 50%. This builds on a 12-point stimulus package launched in 2012, which included financial support and...
Given the country’s long history of trade, industry and manufacturing, some of the big names in Papua New Guinea today, such as Paradise Foods, Pacific Industries, WR Carpenter and SP Breweries, have been around for decades. BNG Trading was founded so long ago, in 1924, that it predates the creation of the Territory of New Guinea – its name is...
The investment environment in Papua New Guinea is liberal and open. Official policy has been to welcome and selectively encourage foreign investment and to allow for the use of expatriate workers. The Investment Promotion Authority (IPA), which was established by act of Parliament, functions as a onestop shop and provides a wide range of...
With strong natural advantages in agribusiness, Papua New Guinea has good soil and abundant rainfall. Because most of its fertile land is farmed using traditional methods, much of its output is organic or de facto organic. As consumers across the world demand better-quality foods, PNG’s remoteness and relative lack of industrial development...
As global demand for precious metals and other minerals presses mining companies to seek out new deposits in remote locations, the next phase of the mining growth story could well take place beneath the oceans. Recent technological advances have brought the industry to a point where regulatory hurdles, rather than technical abilities, are the...
Situated within the Pacific ring of fire and immensely rich in mineral deposits, Papua New Guinea is one of the last frontiers for mining firms searching for unexploited treasure. Yet the same geologic forces which have concentrated gold, copper, nickel and other precious metals within the country – at the convergence of the Australian Plate...
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