Papua New Guinea

Countries and regions across the world have long understood the potential of the MICE segment as a vehicle to drive high-value tourism and economic development. In recent decades this has led to significant investment, with nations working to position themselves as centres for the industry, both regionally and globally, aided by greater air...

The 2018 national budget is the country’s first in the new Medium-Term Revenue Strategy (MTRS) that runs from 2018 through to 2022. Budget and tax changes are created to align with the MTRS, which in turn is guided by the government’s 100-day plan and the Alotau Accord II that was signed in August 2017 by Prime Minister Peter O’Neill and eight...

GOVERNMENTS & THEIR POWERS: There are three levels of government in Papua New Guinea: the national, provincial and local-level governments. The constitution and the Organic Law on Provincial Government and Local-Level Government (Organic Laws) regulate the legislative powers of the national,...

With an increase in international sporting events in recent years attracting a growing number of visitors, Sports tourism has emerged a potential growth market for Papua New Guinea. Valued at $600bn a year, and expected to grow annually at around 6% for the next five years, sports tourism is a major contributor to the global travel industry....

As one of the world’s most culturally diverse nations, Papua New Guinea offers visitors the chance to experience a country with unique appeal. Surrounded by coral reefs and volcanic islands, the natural beauty of PNG has seen the country gain international recognition as an increasingly popular tourist destination.

Papua New Guinea’s retail sector remains in its nascent stages, with the majority of the population remaining outside of the formal economy and low rates of urbanisation. The recent construction of the $19bn PNG LNG natural gas project provided significant support for retail expansion, although retailers have since grappled with a host of...