Asia Economy

With 2015 growth predictions ranging from 6.9% to 21%, Papua New Guinea may end the year as the fastest-growing economy in the world or as simply another fast-growing economy. The country may be able to spend as planned, make the necessary and desired investments and build for a sustainable future, or it may find itself scrambling to maintain...

While Papua New Guinea is one of the most open developing economies in the world, with low tariffs, national treatment for foreign investors, bilateral investment treaties and few closed sectors, new policies could be introduced that would make the environment less liberal and welcoming. So far, the status quo remains and companies are free to...

Papua New Guinea is in the process of restructuring its state sector in order to make it more efficient and to finance necessary capital expenditures. A wide range of options are being explored, from public-private partnerships (PPPs) and privatisations to an extensive rejigging of national assets.

Despite Papua New Guinea’s low ranking in the World Bank’s “Doing Business” survey, it regularly draws foreign capital in the billion-dollar-a-year range. The country is attractive for a number of reasons. It remains one of the most liberal economies in the developing world, offering national treatment and few restrictions on investment. It is...

Papua New Guinea has steep mountains, tropical rainforests and hidden valleys, and the political, social and economic terrain currently faced by the country is similarly demanding in its nature.

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, according to the...