Culturally one of the world’s most diverse countries, Papua New Guinea is widely considered to be among the last frontiers for tourism and business opportunities. The island of New Guinea shelters 6-8% of global species, hosts one-sixth of known languages, and rivals Borneo, the Amazon and the Congo in terms of biodiversity. The country is also an important exporter of natural resources (gold...
Asia Economy
Displaying 1093 - 1098 of 1877
Chapter | Country Profile from The Report: Papua New Guinea 2015
Investment regulation reforms and the removal of foreign-ownership caps in several industries may help spur capital investment as well as bolster confidence in the Vietnamese economy.
The current drive in Mongolia to promote growth and foreign investment appears likely to yield results, as a key breakthrough in a long-running dispute over the expansion of a mine will help act as a stimulus for a 10-year, $1bn sovereign issue in the coming months.
Recent attempts by the Central Bank of Myanmar (CBM) to reduce the use of dollars triggered an unexpected backlash in the form of dollar hoarding and black market trading, providing a timely reminder that managing the currency demands of a newly-opened economy is something of a learning curve.
Higher exports, supported by a robust industrial performance, took Vietnam’s GDP growth to a seven-year high in the first half of 2015, though trade imbalances and the risk of contagion from China remain a concern.
Articles & Analysis | Single market to lead to gradual regionalisation of insurance in Indonesia from The Report: Indonesia 2015
The ASEAN Economic Community’s (AEC) launch in 2015 is likely to have an impact on the region’s insurance industry. As the single market emerges, financial services will become borderless, products from one country will be sold in others, labour will be portable and companies will branch out into markets outside their home jurisdictions. However, the method and pace of...