Economic Updates: Papua New Guinea

Papua New Guinea and Australia set to further strengthen ties

Papua New Guinea | 18 Apr 2014
Papua New Guinea and Australia set to further strengthen ties

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 and complicated agenda, he left three days later with an economic treaty and the basis of potentially the most productive relationship Australia and Papua New Guinea have enjoyed in years.

Papua New Guinea targets transport upgrades

Papua New Guinea | 31 Mar 2014
Papua New Guinea targets transport upgrades

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.

Papua New Guinea extends olive branch to Bougainville

Papua New Guinea | 20 Feb 2014
Papua New Guinea extends olive branch to Bougainville

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 interest in the region.

Papua New Guinea’s energy sector set for upstream drive

Papua New Guinea | 6 Feb 2014
Papua New Guinea’s energy sector set for upstream drive

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 country’s second liquefied natural gas (LNG) project.

Papua New Guinea Year in Review 2013

Papua New Guinea | 20 Jan 2014
Papua New Guinea Year in Review 2013

With 13 consecutive years of growth under its belt, Papua New Guinea (PNG) is gearing up for the next phase in its economic development, which is set to be largely defined by the country’s new role as an exporter of liquefied natural gas (LNG).

PNG passes record budget, infrastructure biggest beneficiary

Papua New Guinea | 19 Dec 2013
PNG passes record budget, infrastructure biggest beneficiary

The recently approved 2014 budget for Papua New Guinea (PNG) provided no major policy changes or surprises and is likely to play well to an international investor audience.

Papua New Guinea's economic development puts education system in spotlight

Papua New Guinea | 4 Dec 2013
Papua New Guinea's economic development puts education system in spotlight

While falling global commodity prices could be a cause for concern in Papua New Guinea (PNG), the government’s latest budget suggests that plans to improve education will remain a priority.