A burgeoning middle class is expected to play an important role in consumer lending growth in Indonesia, particularly in the home loans segment. In 2015 PwC reported that the country’s growing middle class has created positive growth potential in consumer banking, particularly mortgage loans, with 56% of the banks it surveyed indicating that...
The cement industry in Indonesia is set to reach new highs in 2016, as the government’s expansive infrastructure agenda drives domestic demand and sales growth across the country. Existing producers are rushing to increase capacity with the launch of new facilities, while a host of new foreign players has also entered the market in recent...
Building on the momentum generated by the successful launch of the Papua New Guinea Liquefied Natural Gas project, the government continues to take the lead on stimulating construction activity in PNG, with various opportunities across the board – from ports and road projects to a range of residential and commercial developments – open to both...
More than a decade in the making, the construction phase of the Pacific Marine Industrial Zone (PMIZ) project in Madang Province now looks set to get under way in Papua New Guinea.
With only 3% of land available to the government to build on and develop, the real estate sector in Papua New Guinea operates in a unique environment. Despite the majority of land being under customary ownership, with ownership rights held by extended family groups, there are still a number of opportunities for foreign investors and...
The customary land ownership system in place since Papua New Guinea gained independence in 1975 could be about to undergo significant reform. Currently, most of PNG’s land belongs to its people, with the state owning the remaining 3%. Under customary tenure, ownership rights belong to an extended family group governed by traditional law. Very...
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