In this Global Platform video, Ian Tarutia, CEO of the National Superannuation Fund (nasfund), discusses how super funds are helping the economy recover from the impact of the Covid-19 pandemic, especially as their investment plays an important role in preventing job losses, encouraging sustainable economic development and positioning Papua New Guinea as an attractive investment destination. In the
– The pandemic has led to a marked shift towards remote work – Employee experience increasingly important for workers and businesses – Despite high unemployment, many sectors face a paradox of severe labour shortages – Young workers and Generation Z could hold the key to long-term employment changes From lockdowns to remote work and widespread job losses, the Covid-19 pandemic has dramatically…
– DSSI, Common Framework and SDRs were designedto ease debt and financing concerns – $5.7bn in debt payments deferred under the DSSI last year – Critics say relief measures do not go far enough and have recommendeddebt cancellation – Calls fordeveloped countries to pass on their SDR allocations to emerging markets The economic fallout of the Covid-19 pandemic has led…
As globalisation has increased, the world’s supply chains have become substantially more interconnected, and goods often have more stages to pass through before reaching the end consumer. From national lockdowns to closed airspace and land borders, Covid-19 resulted in unprecedented disruption to the mechanics of most economies, regardless of their size or stage of development. In particular,…
Click here to read our Papua New Guinea 2020 Economic Report and Investment Analysis online …
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. Western etiquette is generally observed in urban centres, while reciprocity and hospitality…
Interview:Materua Tamarua How would you describe the lifestyle in PNG for corporate travellers or new residents who have relocated for business purposes? MATERUA TAMARUA: PNG is a fascinating country for visitors. Between mid-2019 and mid-2020 business travellers constituted nearly 55% of the total number of tourists. Most arrivals come from Australia, while Asia and Europe make up 30% of…
AIRWAYS HOTEL Jacksons Parade, Jacksons International Airport PO Box 1942, Boroko, NCD T: +675 324 5200 / 7373 2600 reservations@airways.com.pg www.airways.com.pg Rooms: 40 Bacchus rooms, 49 Fountain rooms, 24 Dakota Rooms, 22 Dakota Junior Suites, 11 Dakota Suites and 1 presidential suite. Business & Conference Facilities: Business centre, 5 boardrooms and secretarial services. Health…
Papua New Guinea first started producing liquefied natural gas (LNG) in April 2014 when the flagship $19bn PNG LNG project came on-line months ahead of schedule. With the project exceeding export expectations, the focus has now shifted to two new projects, which would more than double the country’s LNG production capacity if they come to fruition. However, as the government is determined…
Alongside the upstream energy sector, mining has long served as the backbone of Papua New Guinea’s economy. In 2019 the mining and quarrying sector accounted for 10.3% of GDP and was a major source of foreign exchange (forex) earnings, according to the IMF. Like the other extractive industries, mining has emerged as a priority for reform under the administration of Prime Minister James Marape,…