Papua New Guinea Articles & Analysis

Efforts to improve public governance are gradually bolstering confidence in Papua New Guinea’s economy, despite national performance being heavily dependent on the extractive industries. Backed by macroeconomic development plans, Prime Minister James Marape’s administration is seeking to improve debt management, reduce foreign exchange imbalances, widen access to social services and provide greater employment opportunities.

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Policymakers in Papua New Guinea are accelerating efforts to regulate the informal economy, after an audit found that it accounted for around one-fifth of GDP.

ETIQUETTE: “For every village a different culture” is the expression that best describes the social norms, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm smile. The salutation monin tru (a very good morning) is considered the polite early-day greeting.

Articles & Analysis | Hotels around Papua New Guinea from The Report: Papua New Guinea 2019

AIRWAYS HOTEL Jacksons Parade, Jacksons International Airport PO Box 1942, Boroko, NCD T: +675 324 5200 / 7373 2600 F: +675 325 0759 reservations@airways.com.pg www.airways.com.pg Rooms: 49 Fountain rooms, 40 Bacchus rooms, 24 Dakota suites and one presidential suite. Business & Conference Facilities: Business centre, five boardrooms, secretarial services, computers...

The growth of Papua New Guinea’s economy in the last decades, as a result of large-scale development projects primarily in the extractive industries, has had both positive and negative consequences for the country. With a growing consumer base and an emerging middle class, one negative consequence has been the influx of counterfeit consumer goods.

GOVERNMENT STRUCTURE: There are three levels of government in Papua New Guinea: national, provincial and local. The legislative powers of these governments are regulated by the constitution and the Organic Law on Provincial Government and LocalLevel Government (Organic Laws). Each level has its own distinct law-making powers. The National Parliament’s legislative powers...

In 2018 the local business community was waiting with anticipation for a jump-start to the economy of Papua New Guinea. A handful of significant events were expected to turn a new page: the country was gearing up for a meeting of the leaders of APEC countries, a liquefied natural gas project was being finalised and new mining developments were at hand. These tangible steps...