Industry has emerged as one of the bright spots in Papua New Guinea’s economy in recent years, providing a buffer against downturns in the commodity cycle. As natural gas prices fell and related businesses struggled, manufacturing held its own. The weak currency and the lack of foreign exchange that accompanied the downturn may have actually...
The retail sector in Papua New Guinea is showing signs of resilience despite challenges in the wider economy. Slow GDP growth, tight household budgets and a lack of foreign currency have created a difficult environment for trade stores, shops, supermarkets and malls: sales at some of the country’s bellwether retailers have fallen as much as 50...
Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.
Dubai is stepping up efforts to promote the development of its small and medium-sized enterprise (SME) community, creating a new incubator to further strengthen the sector.
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