As Papua New Guinea prepares to enter an unprecedented resource boom fuelled by massive resource investments, retailers are optimistic the influx of investment dollars and subsequent revenue streams will translate into a corresponding rise in consumption. Proceeds from the $15.7bn liquefied natural gas (LNG) project are expected to be as high as $...
How can manufacturing in PNG remain competitive while production costs remain relatively high?
As is the case in many mineral-rich countries that are economically dependent on raw material exports, the development of Papua New Guinea’s domestic manufacturing base has lagged behind that of the dominant mineral and petroleum sectors. While there are some notable success stories of local producers, efficient production of high-quality local...
Already a showcase for downstream growth of one of Papua New Guinea’s valuable natural resources, the seafood processing industry is looking to capitalise on its success through the creation of a new Pacific Marine Industrial Zone (PMIZ). Located near the town of Vidar on the north-eastern coast, the project is expected to serve as a catalyst for...
With a wealth of natural and mineral resources complemented by a rapidly expanding labour force, Papua New Guinea possesses the crucial building blocks required to develop its fledgling industrial base into a strong economic contributor. After years of robust growth, and with substantial new revenues on the horizon, the time to purse the government’...
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