After being returned to office following general elections in Papua New Guinea earlier this year, the government of Prime Minister Peter O’Neill has stepped up its drive to improve food sustainability and reduce foreign exchange outflows.
Papua New Guinea
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A new trade policy looks set to shift Papua New Guinea’s focus towards the development of bilateral ties and away from multinational agreements as part of broader efforts to create a more balanced trading environment.
External threats such as pest infestation and adverse weather conditions could reduce earnings prospects for Papua New Guinea’s coffee industry this year, despite efforts to improve output and strengthen infrastructure.
Economic update | Papua New Guinea invests to expand tourism offerings and source markets
31 Jul 2017
Increased investments in infrastructure and courtship of new markets should help accelerate growth in Papua New Guinea’s tourism sector in the coming years, as part of government efforts to extend the industry’s benefits to less-developed regions.
Economic update | Papua New Guinea taps renewables and gas to satisfy growing energy demand
23 Jun 2017
Rising demand and a need to boost connectivity to the national grid are driving rapid expansion in Papua New Guinea’s electricity sector, with a range of sources tapped to meet the government’s power access targets.
Economic update | PNG looks to APEC and new energy developments to spur real estate market
26 May 2017
A lift in activity is expected for Papua New Guinea’s residential property market heading into next year, boosting both rentals and sales after a recent cooling from a slowing economy and rising costs.