Myanmar is currently passing through a crucial period of political debate, against the background of an era marked by rapid economic growth and international openness. The successful November 2015 parliamentary elections capped a landmark year for the country. Myanmar has undergone changes that only a few years ago might have seemed unlikely,...
With the ramping up of the PNG LNG project, the contribution of the resources sector will rise from 12% to 22% of GDP over the span of a year. Falling LNG prices, however, will affect returns in the near term. PNG is a resources-dependent economy and is set to become more so over time, but the development of other sectors is also key. The non-...
“For every village a different culture” is the expression that best describes the hundreds of separate behavioural rules and structures, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm, genuine smile, and the salutation “monin tru”, or “a very good morning”, is considered the polite early day...
Hotel listings and other general information for visitors to Papua New Guinea
Facing extreme risks from natural disasters, as a result of the country’s location on the geological “Ring of Fire”, insurance is a much-needed service in Papua New Guinea. PNG has frequent earthquakes and is home to a number of active volcanoes. The city of Rabaul was destroyed by volcanic eruptions in 1934 and again in 1994. In 2014, one of...
Due to several factors, Papua New Guinea is one of the least insured countries in the world. It is estimated that premiums comprise just 1.4% of GDP, according to the Pacific Financial Inclusion Programme (PFIP). Other regional competitors and peers have significantly higher rates. The PFIP puts Fiji, for example, at 3.6%. Swiss Re, which does...
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