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...
Displaying 1399 - 1404 of 2333
Articles & Analysis | PNG promotes SME development from The Report: Papua New Guinea 2015
Articles & Analysis | PNG's industrial reforms lead to value-added potential from The Report: Papua New Guinea 2015
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...
Interviews & Viewpoints | Somu Bhattacharya, General Manager, Coca-Cola Amatil, on the business climate for manufacturers from The Report: Papua New Guinea 2015
Manufacturing currently contributes around 9% of Papua New Guinea's total GDP and has a multiplying effect on other sectors, which is good news for economic growth in PNG as a whole. At the same time, however, operators would like to see a stronger commitment from the administration to ensuring that this growth remains sustainable. For instance, the infrastructure network...
Articles & Analysis | PNG's agriculture programmes lead to growth from The Report: Papua New Guinea 2015
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...
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, although currently much of this is exported in raw form. With hydrocarbons production...
Economic update | Thailand moves on airport expansion
19 Aug 2015
A revival in international passenger numbers, coupled with strong domestic traffic, has seen Thailand accelerate its aviation infrastructure investment programme to meet increased demand.