A projected rise in home ownership, along with increasing demand for private health coverage are among the forces expected to drive growth in Papua New Guinea’s insurance sector. However, competitive pressures and global risks may also hamper the industry during the course of the year.
A surge in gas exports will set Papua New Guinea on course for an economic boom in 2015 with some estimates putting GDP growth at a stellar 21%. However, tumbling oil prices are likely to take some of the shine off export receipts, limiting the government's ambitious plan to slash debt.
A surge in liquefied natural gas (LNG) exports is expected to nearly treble the pace of economic growth in Papua New Guinea in 2015 putting the South Pacific island nation at the top of the league of fast-growing economies and helping it bridge a widening budget deficit.
Made up of tiny, nearly invisible coral polyps, barrier reefs are in fact the largest living organisms on earth and visible from outer space. But while Australia’s Great Barrier Reef is a world heritage site and remains one of the country’s main tourist attractions, coral reefs in Papua New Guinea are known only to a few adventurous divers and, now, scientists....
ETIQUETTE: “For every village a different culture” is the expression that best describes the hundreds of separate behavioural rules and structures, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm, genuine smile, and the salutation “monin tru”, or “a very good morning”, is considered the...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×