New investment in airport infrastructure should help drive growth in Papua New Guinea’s aviation sector ahead of the Asia-Pacific Economic Cooperation (APEC) summit the country is scheduled to host next year, helping offset a recent drop in earnings.
Paperless transactions are gaining ground in Papua New Guinea thanks to the promise of new central bank regulations and the arrival of a satellite internet services provider.
Papua New Guinea is looking to build on solid performance in its mining sector in 2016, though legal reforms expected later this year are creating a degree of uncertainty for prospective investors.
Lower returns from the extraction and agriculture sectors and a global fall in commodity prices combined to curb Papua New Guinea’s economic growth in 2016, though prospects for a modest rebound this year are firming up.
A new agriculture strategy in Papua New Guinea aims to broaden the country’s primary production base and cut import costs to maintain sustainability in the sector.
Government authorities are rolling out a number of new initiatives in PNG’s tourism sector to foster growth in the non-extractive industries.
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