Private companies boost Papua New Guinea’s health sector

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The private involvement in healthcare has expanded substantially in Papua New Guinea as foreign investment, particular into the country’s mining and petroleum sectors, has grown. We present a brief overview of the sector.

In brief: Disappointment over tuna agreement and other stories

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Tuna agreement ‘disappointing’, call for better rural roads funding, new nursery to raise borer-resistant cocoa. Your quick digest of the week’s business news.

In brief: Pacific tuna catch limits wanted and other stories

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The Pacific demands tuna catch limits, a corruption report injunction lifted, and a call for a national debate on foreign investment laws. Your quick digest of the week’s business news.

Government, economists see positives in falling kina for Papua New Guinea

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Government ministers and influential economic analysts have welcomed the recent fall in the value of the kina, saying it will boost demand for exports.

Around the world: more grisly headlines overshadow positive international coverage of Papua New Guinea

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Violence in Papua New Guinea gets wide international coverage but, closer to home, Australian media focuses on some good news stories.

Papua New Guinea industry must be more creative, says Asian Development Bank chief

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Papua New Guinea must be more than an exporter of raw materials and must embrace innovation and new technologies to open up new business opportunities, according to the president of the Asian Development Bank, Takehiko Nakao.

Papua New Guinea economic growth to ease to 5.5%: ADB

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Papua New Guinea’s gross domestic product is set to increase by 5.5% in 2013, according to the Asian Development Bank’s latest Pacific Economic Monitor, released last week. This is compared to growth of 9.2% in 2012.

ADB sounds note of caution on Lae port

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The long-awaited project to expand Lae’s port is ‘ahead of schedule’, according to the Asian Development Bank’s Vice President (Operations 2) Stephen Groff, who visited Papua New Guinea last week to inspect progress. The Lae port contractor, China Harbour Engineering, is expected to complete the project—70% of which is financed by ADB loans—by the end […]

Improving PNG’s business environment

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Many of the success stories in this publication have occurred against significant odds. Papua New Guinea’s producers face many challenges in developing their businesses, although things are looking up. As a developing country, Papua New Guinea lacks much of the infrastructure that businesses in developed nations take for granted: ubiquitous and well-maintained roads, reliable power […]

Sector profile: Fisheries

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Fisheries has emerged as one of Papua New Guinea’s most dynamic sectors, following a wave of investment from Asia. In this special feature, Samantha Magick speaks with some of the sector’s key players about its current state and the prospects for further expansion. In 2010, PNG supplied about 17% of the world’s tuna catch, a […]