With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.
In 2018 Mexico’s economy ranked second in Latin America and 15th in the world in terms of GDP, which totalled $1.22trn, according to the World Bank. In 2019 the newly elected President Andrés Manuel López Obrador has pushed ahead with efforts to meet his pledge to tackle corruption and implement austerity measures within the government, to reduce costs and curb excessive expenditures.
Interviews & Viewpoints | Stan Joyce, Former Managing Director, South Pacific Brewery: Interview from The Report: Papua New Guinea 2019
How have government measures like the introduction of import tariffs affected domestic industry?
Interviews & Viewpoints | Nathaniel Ho, Executive Director, Rimbunan Hijau Group: Interview from The Report: Papua New Guinea 2019
What is your outlook for Papua New Guinea’s retail sector in the coming 12 months?
Articles & Analysis | Demographic and economic factors bode well for Papua New Guinea's retail sector from The Report: Papua New Guinea 2019
With a mood of cautious optimism, Papua New Guinea’s retail sector is recovering from a period of uncertainty caused by the devastating earthquake in Hela Province in early 2018. That same year was marked by sluggish growth before the APEC Leaders’ Summit in November 2018 triggered an upturn in the hospitality and general retail sectors, and encouraged businesses to invest...
Articles & Analysis | Support for small and medium-sized enterprises is increasingly recognised as key to sustainable growth among emerging economies from The Report: Papua New Guinea 2019
Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic diversification and resilience,...