As Papua New Guinea prepares to enter an unprecedented resource boom fuelled by massive resource investments, retailers are optimistic the influx of investment dollars and subsequent revenue streams will translate into a corresponding rise in consumption. Proceeds from the $15.7bn liquefied natural gas (LNG) project are expected to be as high as $...
Recognising that mineral extraction has long remained the mainstay of Papua New Guinea’s export-driven economy, the country’s regulatory framework for the mining sector reflects the importance of creating a relatively friendly business environment for investors in the industry. The primary laws governing the sector are the Mining and Safety Acts of...
How can manufacturing in PNG remain competitive while production costs remain relatively high?
As is the case in many mineral-rich countries that are economically dependent on raw material exports, the development of Papua New Guinea’s domestic manufacturing base has lagged behind that of the dominant mineral and petroleum sectors. While there are some notable success stories of local producers, efficient production of high-quality local...
After a half century of state monopoly control, the telecoms market in Papua New Guinea underwent liberalisation in 2007, resulting in a rapid increase in the sector’s value and contributing an estimated 2.5% to annual GDP growth in 2010.
There are a number of large new projects that are planned for Papua New Guinea in the coming decade, and another wave is waiting in the wings. These exploration projects encompass mining operations across a spectrum of size as well as technical capability and operations. They range from small, locally grown prospectors to junior developers to bulk-...
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