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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A 7.5-magnitude earthquake and its subsequent impact on the mining and energy sectors led to a difficult year for Papua New Guinea in 2018; however, new investments from foreign players should reap dividends moving forward.

What obstacles must be overcome for Asia to meet its long-term energy needs through renewables?

Host nation Papua New Guinea has benefitted from the superpower rivalry that dominated this year’s APEC summit, accumulating a series of economic benefits associated with holding the 21-member bloc’s rotating chair for 2018.

Recent moves to ease visa restrictions for Chinese tour groups and expand air services to the Asia-Pacific region could help Papua New Guinea’s tourism industry expand its source markets and develop beyond the business segment.

How do you see the newly formed Infrastructure Asia dovetailing with transnational initiatives like the Belt and Road?

An improved commodity outlook and renewed economic stability are combining to ease foreign currency shortages in Papua New Guinea, as the government looks to tap international money markets.