• Economic News Updates

    Economic News Updates

    For each market we cover, OBG produces regular economic research available on our website, by email subscription and via RSS feed. Free to access, our Economic Updates are targeted at those looking for regular comment on key sector developments.

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Economic Update | Papua New Guinea boosts power supply

18 Mar 2015
PNG electricity

Public and private sector efforts are under way to increase Port Moresby’s electricity supply ahead of the Pacific Games in July, as the Papua New Guinea government tries to allay fears that the major sporting event could be disrupted by blackouts. 

Economic Update | Strong potential in Papua New Guinea’s insurance market

13 Feb 2015
PNG ins

A projected rise in home ownership, along with 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 during the course of the year. 

Economic Update | Papua New Guinea Year in Review 2014

22 Jan 2015

A surge in gas exports will set Papua New Guinea on course for an economic boom in 2015 with some estimates putting GDP growth at a stellar 21%. However, tumbling oil prices are likely to take some of the shine off export receipts, limiting the government's ambitious plan to slash debt.

Economic Update | Papua New Guinea steps on the gas

10 Dec 2014
PNG econ

A surge in liquefied natural gas (LNG) exports is expected to nearly treble the pace of economic growth in Papua New Guinea in 2015 putting the South Pacific island nation at the top of the league of fast-growing economies and helping it bridge a widening budget deficit. 

Economic Update | Papua New Guinea to tighten net on illegal fishing

1 Oct 2014

Efforts are being stepped up to ensure the sustainability of Papua New Guinea’s (PNG) fisheries industry as illegal fishing threatens its long-term future. At the same time, the country is seeking to raise quality control to encourage more investment in onshore processing.

Economic Update | Papua New Guinea hopes for connectivity boost

25 Jul 2014

The information and communications technology (ICT) sector in Papua New Guinea (PNG) is fast expanding, with new funding paving the way for industry players to meet rising demand from businesses while moving towards connecting rural communities.