Bold plans to transform Papua New Guinea’s (PNG’s) fishing industry into the largest tuna processing and canning hub in the region ahead of Thailand and the Philippines are beginning to gain momentum. Considered a key economic segment, tuna exports have long been a significant provider of foreign exchange income to PNG’s economy. In recent...
With a seemingly endless supply of fertile land, the agriculture sector in Papua New Guinea has enormous potential to strengthen the economy and deepen the pockets of local farmers. While a number of challenges stand in the way of these opportunities, PNG’s organic and fair trade credentials are gradually opening high-value niche markets and...
Although it recorded double-digit expansion during the boom years of 2010 to 2013, Papua New Guinea’s construction industry faces a challenging operating environment in 2017. Growth contracted in 2014 following the completion of a major liquefied natural gas (LNG) project, and contractors have since struggled to regain the momentum of earlier...
The business climate for real estate stakeholders in Papua New Guinea deteriorated in 2017, with rental rates at upmarket residential properties in the capital, Port Moresby, falling by as much as 50% since 2016. A macroeconomic slowdown and lower numbers of expatriate employees living in the country will weigh on growth in 2017, with agencies...
Challenging, disparate geography and low population density have created a unique set of challenges for Papua New Guinea’s transport industry. Costs are high across all three major modes of transport, and a lack of connectivity presents a serious challenge to doing business outside of Port Moresby. The country’s recent construction boom in the...
Papua New Guinea’s rugged mountainous highlands are ideal for hydroelectric power generation, and the government has been keen to capitalise on its abundant hydro resources as it develops new renewable energy projects. A large number of hydropower projects are under the management of Kumul Consolidated Holdings (KCH), the statutory body...
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×