27 November 2013

PNG Private Sector Survey: From where will the non-mining jobs come?

Employment growth beyond mining will depend on PNG’s ability to improve the business environment, write Aaron Batten and David Freedman.*
Over the past decade, the strong performance of PNG’s non-mineral economy has seen formal employment grow by an average of 6% per year. This has almost doubled the size of the private sector workforce, and created new opportunities for an emerging middle class. However, as the construction phase of the PNG-Liquefied Natural Gas (LNG) project winds down and external conditions become less favorable, growth in PNG’s non-mineral economy continues to slow.

26 November 2013

Bankers win praise as ADB hosts Pacific Branchless Banking seminar

Branchless Banking Seminar,
Sydney, 19-20 November 2013 
Pacific Central Banks won praise for their approach to mobile banking at the first-ever Pacific Branchless Banking Seminar, hosted earlier this month by ADB Sydney and sponsored by the Pacific Private Sector Development Initiative. 

As the take-up of mobile phones in the Pacific drives a revolution in financial inclusion, senior executives from six Pacific Central Banks were joined in Sydney by financial service providers, mobile network operators and technology providers from all over the region.

11 November 2013

Getting the settings right on SME policy in PNG

GROWING the small and medium enterprise (SME) sector has emerged as one of the key priorities of the O’Neill-Dion Government in Papua New Guinea. Countries such as Malaysia and Indonesia have been held up as examples for PNG to follow and SMEs have been proposed as the key mechanism to create jobs, drive growth and develop non-extractive industries.

6 November 2013

PSDI's Laure Darcy talks about State-Owned Enterprise reform in Vanuatu

VANUATU's Council of Ministers has approved a new policy on State Owned Enterprises. Laure Darcy, PSDI's lead specialist on State Owned Enterprises reform, is interviewed by ABC Radio Australia's Pacific Beat program:
"The policy is designed to improve transparency and accountability of SOEs. The Asian Development Bank, which supported the development of the new policy, says SOEs absorb large amounts of government capital and provide very low returns, diverting government resources away from vital social investments in health and education, and driving-up the costs of doing business where they are the sole service providers."
Listen here.