Although a downturn in the commodity cycle, the end of construction on the Papua New Guinea liquefied natural gas (LNG) project and long-standing ambiguities over land rights have constrained development in the real estate sector, changes are afoot that could lead to significant improvements. About half a dozen major housing projects are now...
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...
While still lagging behind many of its neighbours in the Asia-Pacific region, the ICT sector in Papua New Guinea has seen significant progress in recent years, which has helped ensure expansion of coverage and offerings. An increase in sector investment has helped both local and international companies expand into rural areas, while telecoms...
New blockchain solutions and devices are being trialled in Papua New Guinea as part of the government and central bank’s efforts to foster greater financial inclusion. A number of initiatives are already under way as global tech firms move to develop the country. Additionally, as many APEC member counties also experience low financial...
Given the expenses associated with visiting Papua New Guinea, the government is focusing on attracting more tourists via cruise ships and developing niche segments that appeal to global adventurers.
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