Papua New Guinea

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More than a decade in the making, the construction phase of the Pacific Marine Industrial Zone (PMIZ) project in Madang Province now looks set to get under way in Papua New Guinea.

 

Often overshadowed by the extractive industries, Papua New Guinea’s industrial manufacturing, downstream processing and value-added sectors in fact serve as the largest formal employer in the country and continue to attract investment in spite of fiscal challenges presented by the current operating environment. Beyond employment, sustained...

 

To what extent have manufacturers been affected by the foreign exchange squeeze?

 

The retail sector in Papua New Guinea is coming off perhaps the biggest boom cycle in the country’s history after years of sustained investment in capital-intensive infrastructure and a long run of strong “supercycle” commodity prices, which the government depends upon as a foreign currency earner. While an economic slowdown and its ripple...

 

The economic targets of the country’s Development Strategic Plan (DSP), as well as upcoming international attention in the form of the FIFA Under-20 Women’s World Cup in late 2016 and APEC in 2018, are calling for immediate and drastic improvements to the national road network’s coverage and quality. This growth is unlikely to be realised...

 

Two major port projects have been approved by the Papua New Guinea government, with expectations that they will enable the country to play a greater role in regional trans-shipment and encourage economic development. Lae Port’s capacity is being expanded, and work is underway to relocate Port Moresby’s main port from Fairfax Harbour to Motukea...

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