• 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 | China looks to mine Papua New Guinea assets

30 Jun 2015
PNG mining

Chinese miners are looking to increase their presence in Papua New Guinea’s minerals industry, with two recent acquisitions giving companies from the mainland a firm hold on assets in the extractive sector. 

Economic Update | Papua New Guinea to ramp up SME growth

18 May 2015

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 five-fold increase in the segment’s contribution to GDP, from 10% to 50%. 

Economic Update | Papua New Guinea eyes cocoa expansion

6 Apr 2015
PNG cocoa

A drive to strengthen the cocoa industry in Papua New Guinea is helping local growers draw a line under a difficult few years as rising international demand looks set to aid recovery.

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.