Papua New Guinea Articles & Analysis

Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.

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What advantages does Singapore offer tech companies seeking a springboard into ASEAN?  

Businesses and investors in Papua New Guinea are anticipating a change in policy direction, after newly elected Prime Minister James Marape outlined possible long-term reforms to key sectors, among them extractive industries.

Papua New Guinea is on track to double its liquefied natural gas (LNG) production capacity following a recent agreement with energy majors, although opposition to the deal may slow down the development process.

The shortage of foreign exchange liquidity in Papua New Guinea’s economy appears to be easing, with increased currency inflows helping to meet the needs of both importers and the financial sector. However, it may be some time before the imbalance is fully rectified.

A new submarine fibre-optic cable network is already boosting Papua New Guinea’s internet speeds and ICT capacity in some regions, with further improvements set to come this year through a subsea link to Australia.

A raft of foreign capital investments across new and existing mines in Papua New Guinea are set to boost production and lead to a rebound in government revenues; however, there are concerns proposed legislative changes could hinder activity moving forward.