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Economic Update | Papua New Guinea looks to life after building boom

24 Jun 2014
The government in Papua New Guinea (PNG) has pledged to upgrade its infrastructure after years of underinvestment, a move which will also help plug the construction gap as the country’s mega project...

Economic Update | PNG extends financial services to rural areas

30 May 2014
The cash-based economy of PNG is currently undergoing a rapid change, with increasing revenues from large liquefied natural gas projects the main driver of the banking sector’s growth. In 2013, the...

Economic Update | Papua New Guinea and Australia set to further strengthen ties

18 Apr 2014
Australian Prime Minister Tony Abbott flew into Port Moresby in late March accompanied by an A-list of his country’s business leaders, with trade and investment on their minds. And, after a loaded...

Economic Update | Papua New Guinea targets transport upgrades

31 Mar 2014
The transport networks serving Papua New Guinea are set to receive a $1bn overhaul as the country moves to install the infrastructure needed for the next phase of its economic development.

Economic Update | Papua New Guinea extends olive branch to Bougainville

20 Feb 2014
A landmark visit in January by Papua New Guinea’s Prime Minister, Peter O’Neill, to the semi-autonomous island province of Bougainville, has paved the way for reconciliation and renewed commercial...

Economic Update | Papua New Guinea’s energy sector set for upstream drive

6 Feb 2014
A wave of new developments in Papua New Guinea’s (PNG’s) upstream energy sector is under way, including the exploration of new fields and the signing of a deal that could affect the timing of the...