Weaker commodity prices and lower government revenues have prompted Papua New Guinea’s current administration to revise its growth forecast and release a supplementary budget in late August.
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Economic News & Views
For each market covered, OBG produces regular economic research available on the OBG website, through email subscription and via RSS feed. Free to access, our Economic News and Views are targeted at those looking for regular updates on key sector development.
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Economic Update | Papua New Guinea scales back spending in supplementary budget
21 Sep 2016
Economic Update | Sharjah real estate targets affordable luxury
20 Sep 2016
While falling property prices in Dubai have reduced Sharjah’s real estate competitiveness over the last year, a spate of large-scale, mixed-use developments and improvements to transport...
Economic Update | Kuwait’s drive toward fuel subsidy rationalisation
20 Sep 2016
The government’s recent decision to make cuts to Kuwait’s petrol subsidy system is expected to boost state coffers amid low global oil prices, despite some push-back from organised labour.
Economic Update | Brunei Darussalam looks to sustain agricultural growth
20 Sep 2016
Rising productivity and higher output from the processing segment is keeping Brunei Darussalam’s agriculture sector on track to meet the government’s medium- and long-term goals.
Economic Update | Growth prospects for Sri Lanka’s tea industry
19 Sep 2016
Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global tea industry, though efforts to develop new markets could help...
Economic Update | Trinidad and Tobago to revamp telecoms sector
19 Sep 2016
Government initiatives in Trinidad and Tobago’s telecoms sector aim to strengthen the market by bringing new players into the mobile segment and creating plans to develop broadband infrastructure.
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