By Delly Waigeno – EM TV News, Port Moresby
The drop in commodity prices is an opportunity for Papua New Guinea to diversify its investments.
These were comments from the Editorial Director of the Oxford Business Group (OBG), Marco Venditti.
He was speaking at the media conference that marked the launch of The Report: Papua New Guinea 2015, which gives an insight on PNG’s economic performance and future potential.
The launch of The Report: Papua New Guinea was held today by the Oxford Business Group and its editorial partners, including BSP Capital and Leahy Lewin Lowing Sullivan Lawyers.
It’s the fourth edition on PNG and according to partners, OBG’s publication has accurate, in-depth and balanced content about the country.
Venditti highlighted a few milestones from 2015, including marking the first full year of LNG production. However, the drop in commodity prices means PNG must diversify its investments, instead of relying on the extractive industries.
OBG Project Director, Ivana Carapic, said their reports are a go-to source for emerging markets, with a presence in high-level global events such as the World Economic Forum, presenting investment opportunity.
She said there are also plans in place to make the reports more accessible through the Internet, via mobile apps and social media sites.
OBG is a macro economic research consultancy and publishing company that specialises in production of business intelligence reports in emerging markets.
At the moment OBG produces 38 annual reports in 34 countries.
As for The Report: Papua New Guinea, over 90,000 copies are expected to be distributed worldwide with most of the reports to go to Europe and North America.
19,000 copies will be distributed locally.