The cash-based economy of PNG is currently undergoing a rapid change, with increasing revenues from large liquefied natural gas projects the main driver of the banking sector’s growth. In 2013, the...
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Economic Update | PNG extends financial services to rural areas
30 May 2014
Economic Update | Papua New Guinea and Australia set to further strengthen ties
18 Apr 2014
Australian Prime Minister Tony Abbott flew into Port Moresby in late March accompanied by an A-list of his country’s business leaders, with trade and investment on their minds. And, after a loaded...
Economic Update | Papua New Guinea targets transport upgrades
31 Mar 2014
The transport networks serving Papua New Guinea are set to receive a $1bn overhaul as the country moves to install the infrastructure needed for the next phase of its economic development.
Economic Update | Papua New Guinea extends olive branch to Bougainville
20 Feb 2014
A landmark visit in January by Papua New Guinea’s Prime Minister, Peter O’Neill, to the semi-autonomous island province of Bougainville, has paved the way for reconciliation and renewed commercial...
Economic Update | Papua New Guinea’s energy sector set for upstream drive
6 Feb 2014
A wave of new developments in Papua New Guinea’s (PNG’s) upstream energy sector is under way, including the exploration of new fields and the signing of a deal that could affect the timing of the...
Economic Update | Papua New Guinea Year in Review 2013
20 Jan 2014
With 13 consecutive years of growth under its belt, Papua New Guinea (PNG) is gearing up for the next phase in its economic development, which is set to be largely defined by the country’s new role...
