With a seemingly endless supply of fertile land, the agriculture sector in Papua New Guinea has enormous potential to strengthen the economy and deepen the pockets of local farmers. While a number of challenges stand in the way of these opportunities, PNG’s organic and fair trade credentials are gradually opening high-value niche markets and bolstering export figures. As such, the advancement…
Papua New Guinea’s ICT market is in the midst of a dynamic restructuring. Over the last decade the sector has experienced significant growth. However, despite advancements, pockets of isolated communities remain unconnected. As a result, the government has set out to expand the National Transmission Network (NTN), and along with the amalgamation of key state entities expected to encourage…
Under the 2017 national budget taxation measures were set in the context of the October 2015 report released by the Taxation Review Committee, following its comprehensive review of tax law and revenue administration in Papua New Guinea. The 2017 national budget included some significant tax changes, and it is expected that further changes will be included in future budgets as the recommendations…
Governments & Their Powers There are three levels of government in Papua New Guinea: the national, provincial and local-level governments. The Constitution and the Organic Law on Provincial Government and Local-Level Government (Organic Law) regulate the legislative powers of the national, provincial and local-level governments. Each level has its own distinct law-making powers. The law-making…
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, and the salutation “monin tru”(“a very good morning”) is considered the polite early-day greeting. Western etiquette is generally observed in urban centres, while reciprocity…
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Although smaller than its petroleum, mining and agricultural sectors, Papua New Guinea industry and manufacturing are major contributors to the nation’s revenue base, and hold significant potential for future investment and development. Manufacturers face several challenges, including high transportation, utilities and security costs, import dependency, currency depreciation, a foreign exchange…
Papua New Guinea’s retail sector remains in its nascent stages, with the majority of the population remaining outside of the formal economy and low rates of urbanisation. The recent construction of the $19bn PNG LNG natural gas project provided significant support for retail expansion, although retailers have since grappled with a host of challenges, including subdued macroeconomic growth,…
As one of the world’s most culturally diverse nations, Papua New Guinea offers visitors the chance to experience a country with unique appeal. Surrounded by coral reefs and volcanic islands, the natural beauty of PNG has seen the country gain international recognition as an increasingly popular tourist destination. However, despite its vast appeal, PNG’s arrival ports continue to be heavily…
Interview:Prime Minister Peter O’Neill What more needs to be done to insulate Papua New Guinea’s economy from external forces such as commodity prices and natural disasters? PRIME MINISTER PETER O’NEILL: PNG has been through many similar challenges in the past, and has come out of these in better shape than many other countries. This is because we have, to a certain degree, an insulated…
