The recently approved 2014 budget for Papua New Guinea (PNG) provided no major policy changes or surprises and is likely to play well to an international investor audience.
Papua New Guinea
Displaying 73 - 78 of 117
Economic update | Papua New Guinea's economic development puts education system in spotlight
4 Dec 2013
While falling global commodity prices could be a cause for concern in Papua New Guinea (PNG), the government’s latest budget suggests that plans to improve education will remain a priority.
The stage is set for Papua New Guinea (PNG) to increase its national minimum wage next year, in a move which is seen as providing much-needed redress for the country’s labour pool.
Economic update | Downstream projects bode well for Papua New Guinea’s fisheries industry
27 Oct 2013
A wave of new fish processing facilities is galvanising downstream activity across Papua New Guinea (PNG), paving the way for the $408m fisheries sector to transform itself into a billion-dollar industry.
Rapid economic expansion in Papua New Guinea (PNG) has produced some challenges, including the question of how to supply electricity to a growing population spread across 450,000 sq km of rugged terrain. However, the government’s long-term bid to boost both generation and distribution capacity is making progress, with plans to build new infrastructure for the sector rapidly gathering pace.
Economic update | Papua New Guinea partially decentralises control of development spending
11 Sep 2013
In line with an electoral platform that pledged to deliver more local level services and control over spending, the national government of Papua New Guinea (PNG) has introduced a budget for 2013 that transfers nearly PGK1.5bn ($623m) to provincial, district and local authorities.