A regulatory overhaul is paving the way for Papua New Guinea to focus on developing the processing side of its fisheries industry, supporting the country’s plans to become a major downstream player in the global tuna market.
Papua New Guinea Industry
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Following successful completion of the Papua New Guinea liquefied natural gas project, the country is experiencing a surge of optimism about foreign investment and overall economic growth. PNG remains favoured by its traditional investors such as Australia, but it is increasingly a target for new players, including China and Japan.
Articles & Analysis | PNG promotes SME development from The Report: Papua New Guinea 2015
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...
Interviews & Viewpoints | Michael Kingston, CEO, KK Kingston: Interview from The Report: Papua New Guinea 2015
Articles & Analysis | PNG's industrial reforms lead to value-added potential from The Report: Papua New Guinea 2015
While Papua New Guinea has a long history of manufacturing, the sector accounts for only around one-tenth of GDP, and output is mostly confined to staple goods bound for the domestic market. PNG is endowed with a number of highly traded global commodities, including timber, coffee, cocoa, palm oil and fish. With hydrocarbons production pegged...
Interviews & Viewpoints | Somu Bhattacharya, General Manager, Coca-Cola Amatil, on the business climate for manufacturers from The Report: Papua New Guinea 2015
Manufacturing currently contributes around 9% of Papua New Guinea's total GDP and has a multiplying effect on other sectors, which is good news for economic growth in PNG as a whole. At the same time, however, operators would like to see a stronger commitment from the administration to ensuring that this growth remains sustainable. For instance, the infrastructure network...