Papua New Guinea is poised for change, as the country’s mineral riches are providing a major opportunity for economic development through the exploitation of natural resources. The government’s five-year strategic plan focuses on key development enablers such as free education, improvements to health services, the strengthening of law and order, rural development projects and infrastructure construction.
With a good investment climate and a 30-year tax exemption for new and refurbished hotels, Colombia’s hotel industry has expanded significantly in the past few years, attracting a growing number of international chains. But while demand is on the rise, the offer is growing at a faster pace and investors are beginning to grow cautious of a...
As international media headlines on guerrilla conflict gradually disappear, a picture is slowly emerging of an exciting and open economy and a diverse country. The vast strides that have been made towards resolving the conflict that has plagued Colombia for decades promise to be a game changer for the tourism sector and enable the country to...
The possibility of a peace deal after decades of conflict promises to be a game changer for Colombia’s tourism sector. Authorities are getting ready to capitalise on this, rolling out a number of infrastructure projects and providing the sector with additional institutional support in preparation for the post-conflict influx of tourists, and efforts seem to be paying off. The sector has grown...
Despite instability associated with the global mining and hydrocarbons sectors, Colombia displays stable economic growth amidst a regional slowdown, in large part a result of economic liberalisation, free trade agreements and entry to a variety of trade blocs. After recording 6.6% growth in 2011 and 4% in 2012, Colombia saw a slowdown in the first half of 2013, but the economy regained momentum by the end of the year.
Though a strong showing by Malaysia’s tourism industry in the first three months of 2014 may have been offset by an expected drop-off in arrivals from China, officials and travel bodies remain confident that any cooling in sentiment from the mainland will ease by the latter part of the year, giving the sector a lift in the final quarter. The...
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