Economy

Surveys show that security risks are the most pressing concern for businesses operating in PNG. While discussing risk, however, we often imply that it is possible to clearly articulate or measure the concept. However, the accuracy of crime data – usually provided by PNG’s law enforcement agencies or the National Intelligence Organisation – are...

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...

THE COMPANY: Newcrest Mining (NCM) is one of the world’s largest gold mining companies and operates mines in four countries, with a global workforce of around 10,000. NCM’s strategy is to build a portfolio of predominantly long-life, low-cost gold assets that can remain profitable...