by Judith Kasek – EM TV, Port Moresby
With the growth in the country’s economy and much interest from around the world, many companies and individuals are looking at investing in the country’s growing business sector.
The Oxford Business Group (OBG) today launched their third consecutive report based on Papua New Guinea’s business climate and in-depth insight into the different sectors that will help individuals and companies understand the business sector in the country.
The 250-page publication, titled ‘The Report: Papua New Guinea 2014’, provides a window into the country’s economic development and investment opportunities.
Country director for OBG in Papua New Guinea, Majo Rosa, said the Group’s reports are known among investors and believes that this year’s report will prove a valuable tool for those looking to play a part in the country’s development.
Marc Venditti, editorial manager of OBG said the publication will help people understand investment in Papua New Guinea and has good-quality content from research that is recognised worldwide.
The report contains a detailed sector-by-sector guide for investors and also includes a range of interviews with leading political, economic and business representatives from both the local and international scene, including Prime Minister Peter O’Neill and Australian Minister for Foreign Affairs Julie Bishop.
The report also considers the rising demand across Asia for energy and resources that is enabling the country to have more trading partners and looks in detail at the reforms which are being introduced, led by the amended regulatory framework governing Papua New Guinea’s mining sector.
Other issues also included in the report are urbanisation in Papua New Guinea, and the challenges the country faces in relation to poverty and redressing social imbalances.