Reports from the 2018 budget tabled on November 28th in Parliament Papua New Guinea economy grew by a 2.2 percent in 2017. This is an increase compared to the annual 2016 growth rate recorded at 2 percent. However, the 2.2 percent is lower than the predicted 2.7 percent growth rate in 2017. This was a […]
A two-day discussion between China Railway International Group and Governor Sir Julius Chan of New Ireland on development projects in Ireland were concluded this month. The road construction and international builder company from China are set to start on major development projects soon. In attendance were China Railway technical teams and top executive technicians from […]
Do you know that Papua New Guinea (PNG) has approximately 20,000 expats? These expats are involved in various sectors including mining, tourism, aviation and other vital industries. PNG is subdivided into four regions and 19 provinces. The regions are New Guinea Islands, Mainland, Highland, and Southern. Jorge de Menezes, believed to be the first European […]
Port Moresby still remains viable in the hospitality industry with prospects of further expansion by investors. This port and capital of Papua New Guinea so far has proved to be a hub for capital investment now well over K4.5 billion in hotel expansion. However the real challenges remain in the stiff competition that lies ahead […]
A novel Port Moresby is on the horizon with the construction of additional land mark buildings which will include commercial, residential and hospitality infrastructure, all this expected to be rolled out in readiness for the APEC Summit in 2018. Steady progress is being recorded at different stages of development as outlined below: a) APEC House […]
After a period of slow economy and rising costs, Papua New Guinea is expecting exciting changes in the residential property market for next year boosting both rentals and sales. Direct support from the government through investments in housing and infrastructure developments as well as indirect support through state spending to boost economy growth, will probably […]
