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January 23, 2021
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Business PNG Episode – 10, 2014

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In this episode:

 

The law and order situation in Papua New Guinea is affecting businesses in a whole variety of ways. This is according to feedback from businesses during private sector surveys that have been carried out over the last two decades.

Despite some slight improvements, law and order and corruption still top the list for impediments on businesses. And this is costing businesses a lot in ensuring security for themselves.

 

This episode covers the cost of security for businesses – how the law and order situation in Papua New Guinea is affecting businesses, cost wise.

 

The Royal PNG Constabulary has been underfunded for over many decades. This is seen as a contributing factor to the current law and order situation in Papua New Guinea, where businesses see it as the largest impediment to their operations.

 

With at least better government funding now for the country’s police force, it is hoped that the law and order situation will improve in the country, and thus provide confidence for business and investment.

 

The episode also covers an exclusive interview with ANZ Asia-Pacific Economist Daniel Wilson and ANZ Greater China Senior Economist Raymond Yeung.

 

The two experts share their observations of the Asia-Pacific region, specifically Papua New Guinea’s role and share of the region’s economic growth.

https://youtube.com/watch?v=nIQybf8PpEc%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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