Following successful completion of the Papua New Guinea liquefied natural gas project, the country is experiencing a surge of optimism about foreign investment and overall economic growth. PNG remains favoured by its traditional investors such as Australia, but it is increasingly a target for new players, including China and Japan.
With the ramping up of the PNG LNG project, the contribution of the resources sector will rise from 12% to 22% of GDP over the span of a year. Falling LNG prices, however, will affect returns in the near term. PNG is a resources-dependent economy and is set to become more so over time, but the development of other sectors is also key. The non-...
“For every village a different culture” is the expression that best describes the hundreds of separate behavioural rules and structures, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm, genuine smile, and the salutation “monin tru”, or “a very good morning”, is considered the polite early day...
Surveys show that security risks are the most pressing concern for businesses operating in PNG. While discussing risk, however, we often imply that it is possible to clearly articulate or measure the concept. However, the accuracy of crime data – usually provided by PNG’s law enforcement agencies or the National Intelligence Organisation – are...
Hotel listings and other general information for visitors to Papua New Guinea
The establishment of the Conservation and Environment Protection Authority (CEPA) will see significant changes in the ways applicants for, and holders of, environment permits interface with the environmental regulator. CEPA was established under the Conservation and Environment Protection Act 2014 (CEPA Act) and takes over the role formerly...
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