Economy

Promoting PNG as an investment destination on the international market has not always been an easy task, given the poor reputation that the country has been suffering from for at least the last two decades. However, when you look at the facts more thoroughly and look at what an investor should base his decision upon, PNG is in fact a success...

A projected rise in home ownership and increasing demand for private health coverage are among the forces expected to drive growth in Papua New Guinea’s insurance sector. However, competitive pressures and global risks may also hamper the industry throughout 2015-16. Though the number of registered insurers is small, the market relatively...

THE COMPANY: Highlands Pacific is a PNG incorporated and registered mining and exploration company listed on the Australian Securities Exchange and on the Port Moresby Stock Exchange. Highlands’ major assets are interests in the producing $2.1bn Ramu nickel cobalt mine and the Frieda...

THE COMPANY: InterOil is an independent oil and gas business that is primarily focused on Papua New Guinea. InterOil has exploration licences covering almost 16,000 sq km, with this divided into four petroleum prospecting licences (PPLs) and two petroleum retention licences. Each PPL...

Since ancient times, Asia and Africa have given birth to, and spread throughout the rest of the world, a variety of ideas and religions. The spirit of generosity, one that cherishes diversity among us, is an important common asset we should be proud of.

Although the Port Moresby Stock Exchange ( POMSox) has been capable of offering debt instruments for some time, the debt market is largely undeveloped in Papua New Guinea. The government’s local-currency issues are illiquid, it has not yet issued an international bond and there is currently only one corporate debt instrument on the POMSoX. There is little available...