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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...

Small and medium-sized enterprises (SMEs) are to receive new incentives in Papua New Guinea, as the government aims for a 10-fold increase in the number of such businesses, from 50,000 to 500,000, and a fivefold increase in the segment’s contribution to GDP, from 10% to 50%. This builds on a 12-point stimulus package launched in 2012, which included financial support and...

While Papua New Guinea has a long history of manufacturing, the sector accounts for only around one-tenth of GDP, and output is mostly confined to staple goods bound for the domestic market. PNG is endowed with a number of highly traded global commodities, including timber, coffee, cocoa, palm oil and fish. With hydrocarbons production pegged...

Papua New Guinea’s climate is characterised by fertile soil and abundant rainfall, enabling the country to grow a number of tropical crops such as palm oil, coffee and cocoa, which account for around 80% of all agricultural exports. Meanwhile, sweet potatoes, cassava, fruits and vegetables are all farmed to serve the local market. In total, agriculture contributes around a...