Industry & Retail
From The Report: Papua New Guinea 2016
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Often overshadowed by the extractive industries, Papua New Guinea’s industrial manufacturing, down¬stream processing and value-added sectors in fact serve as the largest formal employer in the country and continue to attract investment despite fiscal challenges presented by the current operating environment. Beyond employment, sustained long-term growth for PNG industry will be crucial for the country to steer clear of negative consequences associated with “Dutch disease”, which is incurred from relying too heavily on mining and energy. Developing local industry to offer more import replacement goods will also be essential to eventually lowering the cost of goods and services.

This chapter contains an interview with Stan Joyce, Managing Director, South Pacific Brewery.

Articles from this Chapter

Overview

Weathering the storm: A downturn in domestic demand and commodity prices coupled with rising production costs poses challenges
OBG
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Often overshadowed by the extractive industries, Papua New Guinea’s industrial manufacturing, downstream processing and value-added sectors in fact serve as the largest formal employer in the country and continue to attract investment in spite of fiscal challenges presented by the current operating environment. Beyond employment, sustained long-term growth of the industrial sector in PNG will be crucial for the country to steer clear from the long-running negative consequences associated…

Interview

Crafting the future: OBG talks to Stan Joyce, Managing Director, South Pacific Brewery
OBG
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Interview:Stan Joyce To what extent have manufacturers been affected by the foreign exchange squeeze? STAN JOYCE: This is certainly a matter of concern, but unfortunately not a recent one, as it goes back to the central bank’s intervention in 2014 when it made efforts to stabilise the kina with foreign currency trading bands. Even though this was a necessary measure at the time, it has certainly affected the manufacturing sector as much as any other industry, due to the fact that making…

Overview

A change of pace: Retailers focus on streamlining operations to boost efficiency
OBG
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The retail sector in Papua New Guinea is coming off perhaps the biggest boom cycle in the country’s history after years of sustained investment in capital-intensive infrastructure and a long run of strong “supercycle” commodity prices, which the government depends upon as a foreign currency earner. While an economic slowdown and its ripple effects on the retail segment were expected following the unwinding of the investment period for the PNG Liquefied Natural Gas project and the easing of government spending after the conclusion of the 2015 Pacific Games, which were held in Port Moresby, the added punch of depressed commodity prices…