Thanks to a concerted coordinated effort by APEC member economies, the challenge of doing business in the Asia-Pacific region has improved significantly in the past two years.
Papua New Guinea Tender and Business News
The APEC Secretariat Executive Director and the World Trade Organization Director-General spoke together recently of the importance of coordinated trade to ensure maximum benefit to APEC's member nations.
Papua New Guinea (PNG) was just awarded a financing package of $195M from the Asian Development Bank (ADB), to help support the growth of high-quality, affordable, and accessible healthcare to all in the country.
The APEC member economies are collaborating to leverage advancement in gender equality and digital technology access to grow women-led development in the region's Tourism industry sector.
On May 25-26, the APEC Ministers Responsible for Trade Meeting will take place in Port Moresby, Papua New Guinea, with the goal of helping secure economic growth for the future in all of Asia-Pacific.
The Asian Infrastructure Investment Bank (AIIB), based in Beijing, announced on May 3 that it had approved Kenya and Papua New Guinea as the latest countries to join its institution. For both, it means improved access to global development infrastructure capital.
The Asia-Pacific Economic Cooperation (APEC) economies are taking steps to align medical product approval procedures throughout the Asia-Pacific region. It will ease technical bottlenecks, will support healthcare business growth, and will save lives.
A new Asian Development Bank (ADB) report says that economies in developing Asia are growing faster now, supported by continued high demand for exports and rapidly expanding domestic demand.
Olam Internattional Limited (OIL) and Café Outspan Vietnam Limited (COVL), a subsidiary of OIL, were just approved for $163 million in loan agreements from the Asian Development Bank (ADB) and the Japan International Cooperation Agency, to support inclusive and sustainable agriculture value chains.
The Asia-Pacific Economic Cooperation (APEC) is enhancing the buildup of digital safeguards in the natural disaster prone Asia-Pacific.
The Asia-Pacific Economic Cooperation (APEC) announced that it has started accepting nominations for the 2018 APEC Science Prize for Innovation, Research and Education, or ASPIRE Prize, under the theme Smart Technologies for Healthy Societies.
During a recent executive roundtable in Singapore hosted by the Seattle-based National Center for APEC, delegates from the APEC community emphasized the need to ease trade barriers in the region, in order to realize their digitally-driven growth potential and ensure the region’s economic momentum.
To help with the upcoming transition to electric vehicles within the APEC region, the organization's member economies are realigning regulatory and standards to make it easier for new e-vehicles to succeed in the Asia-Pacific region.
The APEC member economies just completed a major planning effort to look at how to enhance economic empowerment for women across the region. It is part of a broader move to secure workforces and growth as major new forces shift the nature of the Asia-Pacific business landscape.
APEC member economies' small business government representatives are working to opitimize conditions for Asia-Pacific startup growth, as digital advances open up new business and trade opportunities within the technology sector.
Kumul Petroleum Holdings Limited (KPHL) recently awarded a contract to Houston, Texas, based KBR Inc., for conceptual development and feasibility study services for an energy hub in the Kikori region of the Gulf Province of Papua New Guinea.
The APEC member economies are pledged to a restructuring of their individual policy regimes, in a joint effort to minimize structural bottlenecks to trade in emerging sectors. The goal is to eliminate even more barriers to continued growth and recovery across the Asia-Pacific region.
APEC is working on a plan to enhance customs checks throughout the member countries, with the goal of potentially slowing the flow of illegal lumber and wood products shipped within the community.
APEC has launched work on a major simplification of food export documentation in the region. Now it is so complex that a single producer of frozen processed foods such as lasagna may need to submit over 200 pages of certification paperwork per shipment to export their product.
Securities regulators throughout the Asia-Pacific Economic Cooperation organization member economies are seeking public comments on the new Asia Region Funds Passport proposal.
During the Group of 20 leaders' summit in Hamburg, Germany, recently, Viet Nam Prime Minister Nguyen Xuan Phuc delivered a strong message of support for international cooperation on behalf of the APEC member nations, to address trade and growth challenges in the unsettled global environment.
The Asia-Pacific Economic Cooperation (APEC) economies have the misfortune of being hit by 70 percent of all global disasters and also suffer damages of over USD $100 billion every year. APEC is moving to handle this, with the goal of becoming far more disaster-tolerant with respect to trade.
The Asia-Pacific Economic Cooperation (APEC) group just announced that South Korea has become a member of the APEC Cross-Border Privacy Rules System. This provides further support of the growing cross-border e-commerce sector in APEC, while also helping protect the rapidly increasing volume of sensitive consumer data used in online transactions.
Tourism continues to be a strong growth industry among the APEC member economies, with a 6.1 percent year-on-year growth rate. With digital innovations in this arena are creating major disruptive effects for all, senior tourism officials within APEC have agreed to increase cooperation with the private sector to help coordinate that better.
As technological transformation sweeps over the member economies of the APEC organization, its member nations have drafted a new set of collaborative measures to help protect workers against the disruptive effects of that change.