What are the major challenges in securing investments for Pacific Island countries?
Asia Economy
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Interviews & Viewpoints | OBG talks to Caleb Jarvis, Trade Commissioner, Pacific Islands Trade and Invest from The Report: Papua New Guinea 2012
Interviews & Viewpoints | Julie Bishop, Australia’s Shadow Minister for Foreign Affairs and Deputy Leader of the Opposition, on bilateral relations from The Report: Papua New Guinea 2012
Australia’s relationship with Papua New Guinea must be one of the government’s highest foreign policy priorities. It is long past time for the relationship to mature and transition from aid donor and aid recipient status. Australia and PNG must now engage as full economic partners.
Interviews & Viewpoints | Prime Minister Peter O’Neill on the importance of investing export revenues wisely from The Report: Papua New Guinea 2012
Papua New Guinea is at a crossroads today: the country is poised to enter a period of unprecedented economic prosperity, led by the PNG liquefied natural gas (LNG) project that is being developed by ExxonMobil. Revenue from this project is expected to double PNG’s GDP growth, and a second LNG project in the Gulf province, being developed by...
Articles & Analysis | Preparing for production: Revenues from large-scale energy and mining projects will help fund a long-term national development strategy from The Report: Papua New Guinea 2012
Currently in the midst of its longest period of expansion since the country achieved independence in 1975, Papua New Guinea’s economy has grown every year since 2003, buoyed by developments in the energy and mining sectors. In 2011 PNG reported GDP growth of 8.9% – one of the highest rates in the world – due largely to strong domestic demand as a...
Articles & Analysis | Lasting bonds: Shared historical, economic and political ties with Australia from The Report: Papua New Guinea 2012
Separated only by the Torres Strait – a distance of 150 km – Papua New Guinea and Australia have translated their geographic ties into political and economic cooperation. Indeed, Australia has long been PNG’s largest export market, while also being its biggest source of imports. Australian companies are also heavily represented in PNG and around...
Interviews & Viewpoints | OBG talks to David Cox, Managing Director, Steamships Trading Company from The Report: Papua New Guinea 2012
In which of the non-petroleum and non-minerals sectors has the private sector shown the strongest performance over the past 12 months?