24 February 2014

NEWS RELEASE: PNG Business Survey Says Law & Order, Corruption Still Biggest Challenges


PORT MORESBY, PNG, 25 Feb 2014 -- DESPITE improvements in the business environment over the last decade, law and order and corruption remain the most severe constraints to doing business in Papua New Guinea, new analysis from the Asian Development Bank (ADB) reveals.
Drawn from responses from 130 firms surveyed by the PNG Institute of National Affairs (INA), the findings confirm crime – and measures to prevent it -- still contribute significantly to business costs in PNG.
Law and order was found to be the most pressing issue for business and was its highest reform priority. Most of the businesses surveyed reported they had been victims of crime and now employ private security guards and other measures to protect themselves. Confidence in law enforcement was low.
The analysis was undertaken by ADB’s Pacific Private Sector Development Initiative (PSDI) and is captured in a new joint ADB/INA publication, The Challenges of Doing Business in Papua New Guinea, released today in the capital Port Moresby.