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.
Papua New Guinea
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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.
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.
Economic update | New regulations and ICT solutions to spur e-business in Papua New Guinea
27 Mar 2017
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.