The Belt and Road Initiative (BRI) is a far-reaching plan for transnational infrastructure development, connecting five continents through land and sea corridors, and industrial clusters. Launched in 2013, the BRI was initially planned to revive ancient Silk Road trade routes between Eurasia and China, but the scope of the initiative has since...
The economic downturn resulting from lower global commodity prices and the completion of the PNG LNG project has led to some criticism of the national administration; thus, the future for Papua New Guinea must be navigated with care. Peter O’Neill, who secured a fourth term as prime minister in the mid-2017 elections, faced the threat of a...
The Guide contains selected listings of hotels in Port Moresby and Lae, as well as information for business and leisure travellers covering visa requirements, health and safety considerations, and local language and culture. This chapter contains an interview with Materua Tamarua, CEO, Australia Papua New Guinea Business Council.
Papua New Guinea has an abundance of wealth in hydrocarbons and minerals that provides it with a solid foundation for economic growth, but also leaves the country vulnerable to the volatility of global commodity markets. As such, the government is following a long-term economic development strategy that aims to expand the state’s revenue share from lucrative extractive projects, encourage...
In recent years Papua New Guinea’s trade and investment environment has been characterised by government policies aimed at generating wider fiscal and social benefits from the country’s resource wealth, while simultaneously growing exports and decreasing imports as it develops a broader economic base. Around 86% of exports from PNG are generated by the extractive industries, principally...
Papua New Guinea is a vast archipelago, of which the main island – shared with Indonesia – forms the largest tropical island on Earth. Known for its unique flora and fauna, the country is famous for its environmental variety. However, with more than 850 languages spoken within its borders, it is also considered one of the most culturally diverse nations in the world. Enjoying heterogeneous...
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