How can small and medium-sized enterprises (SMEs) play a greater role in developing key sectors within the wider PNG economy?
Economy
Displaying 2299 - 2304 of 6670
Interviews & Viewpoints | Clarence Hoot, Acting Managing Director, Investment Promotion Authority (IPA): Interview from The Report: Papua New Guinea 2017
Articles & Analysis | PNG's business climate affected by new acts and reforms from The Report: Papua New Guinea 2017
While Papua New Guinea has a free and open economy, it is also a place where it can be exceedingly challenging to do business. General conditions are difficult, and some areas of administration and law can cause things to progress at a slow pace. The US State Department’s 2016 Investment Climate statement noted that the country “appears to...
Articles & Analysis | Stable commodity prices boost export market in PNG from The Report: Papua New Guinea 2017
The international position of Papua New Guinea has improved in recent years as the country continues to benefit from a number of positive trends. A stabilisation in commodity prices, strong output from the country’s major projects and an end to the El Niño drought have brought major trade indicators back into line. The lack of dollars and the...
Interviews & Viewpoints | Steven Ciobo, Minister for Trade, Tourism and Investment of Australia: Interview from The Report: Papua New Guinea 2017
What infrastructure initiatives are required in Papua New Guinea to foster economic development and enhance trade with Australia?
Articles & Analysis | PNG institutes reforms to accelerate GDP growth from The Report: Papua New Guinea 2017
Despite some weak headline numbers, Papua New Guinea’s economy is set to see a recovery in 2017. Depreciation of the kina and the shortage of US dollars have slowed imports and led to pockets of strength. Robust activity at the small and medium-sized enterprise (SME) level and in the informal sector is being observed, while key statistics,...
Articles & Analysis | Government seeks to reduce debt in PNG from The Report: Papua New Guinea 2017
Papua New Guinea was well prepared for the 2008 financial crisis, as it had reduced its debt and had some room to manoeuvre. The country’s obligations dropped from around 70% of GDP in the early 2000s to about 20% a decade later. This, in part, explains why the crisis was so short lived, according to the Asian Development Bank (ADB). However,...