Papua New Guinea’s international profile received a boost when it chaired the APEC forum in 2018, an event that culminated in the APEC Leaders’ Summit in Port Moresby in November of that year. During the meeting, leaders from some of the world’s largest economies congregated in the capital to discuss a host of regional issues. While the business climate is hampered by...
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Articles & Analysis | Papua New Guinea makes efforts to diversify trade and forge new global partnerships from The Report: Papua New Guinea 2019
Articles & Analysis | Papua New Guinea's efforts to improve business environment support increased foreign investment from The Report: Papua New Guinea 2019
While economic diversification is expected to improve the business climate and incentivise investment, stakeholders are concerned that possible legislative changes may result in Papua New Guinea failing to reach its potential in attracting foreign capital.
Articles & Analysis | APEC Leaders' Summit leads to new trade and investment agreements for Papua New Guinea from The Report: Papua New Guinea 2019
Despite being struck by a deadly earthquake in the first quarter of 2018, PNG managed to successfully stage the APEC Leaders’ Summit in November of that year, a meeting which resulted in the signing of a number of trade and investment agreements that are expected to have a significant economic impact. While investor appetite remains subdued as a result of high operating costs...
Interviews & Viewpoints | Moustapha Magumu, Principal Coordinator for the Pacific Region, European Commission: Interview from The Report: Papua New Guinea 2019
How do you foresee the Papua New Guinea’s relationship with the EU evolving in the coming years?
Articles & Analysis | Papua New Guinea's CEOs on the country's economic outlook from The Report: Papua New Guinea 2019
Port Moresby has benefitted from accelerated infrastructure development in recent years, spurred on by Papua New Guinea’s chairmanship of APEC in 2018. Although there was some domestic criticism related to spending large sums of public money on hosting world leaders in a moment of elevated national debt, 76% of CEOs expect the long-term economic impact of APEC 2018 to be...
Articles & Analysis | CEOs in Papua New Guinea comment on government policy priorities from The Report: Papua New Guinea 2019
While the National Executive Council under new Prime Minister James Marape may have received a healthy sprinkling of fresh talent, the latest political leaders at the helm find themselves facing familiar problems as they attempt to steer Papua New Guinea into its next phase of economic development. According to the results of the latest OBG Business Barometer: PNG CEO Survey,...