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Papua New Guinea Economic Research Highlights

Papua New Guinea Economic Research Highlights
Global Platform

Ian Tarutia, CEO, National Superannuation Fund (nasfund)

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

Economic Update

Has Covid-19 upended the global labour market?

– 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…

Economic Update

Who are the biggest winners in the G20’s debt-relief programme?

– 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…

Analysis

Will Covid-19 make a lasting change to essential global supply chains?
OBG
plus

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,…

Economic Snapshots

Papua New Guinea: Economic Snapshot 2020

Click here to read our Papua New Guinea 2020 Economic Report and Investment Analysis online …

Overview

Useful information for travellers in Papua New Guinea
OBG
plus

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…

Overview

Materua Tamarua, CEO, Australia Papua New Guinea Business Council: Interview
OBG
plus

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…

Overview

Comfortable hotels in Papua New Guinea
OBG
plus

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…

Analysis

How Papua New Guinea is benefitting from LNG projects
OBG
plus

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…

Overview

Will gold offset the impact of Covid-19 in Papua New Guinea?
OBG
plus

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,…

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