Caption: The Report: Papua New Guinea 2015
By MATTHEW VARI
Sunday, November 15, 2015 (Sunday Chronicle, PNG)
INTERNATIONAL business reporting publisher, Oxford Business Group (OBG) launched it’s, ‘The Report: Papua New Guinea 2015’, on Wednesday November 11.
The report was conducted by the macroeconomic research and consultancy publishing company that specializes in the production of business intelligence reports in emerging markets to the wider global economic community.
A total 38 annual reports in 34 countries on 4 continents are produced yearly, and distributed to some of the world’s top markets in both Europe and North America.
Editorial Director of the PNG Report, Marco Venditti, highlighted the mixed results of fiscal year that overshadowed the first full year of LNG production- with the drop in commodity prices on top of the slowdown of the Chinese economy as well.
“Let us not forget that PNG was able to attract what turned out to be a US$19 billion investment in the middle of a financial crisis in Europe and worldwide in fact,” Venditti pointed out.
“I would like to think that this country is able to do this as well- and we are looking forward to the 2016 report that will see more than 300 top decision makers in every sector of the economy.”
“The role from our point of view is to create the most balanced report from a foreign point of view but from someone that understands the domestic realities of the local economy on the ground.”
OBG Country Director Ivana Carapic said that since the group’s first PNG report in 2012, they have expanded their readership Africa and Asia.
“We have been present in PNG since 2012, we came here in partnership with the Investment Promotion Authority- they have been our primary partner since 2012 and we are satisfied with the cooperation so we are going to continue,” she said.
“We also have primary research partners such as Leahy Lewin Lowing Sullivan Lawyers as our partner for legal framework; BSP Capital is for capital markets chapter; and PricewaterhouseCoopers for its tax chapter.”
“Thank every key executive from Private and public sectors being with us for the last four years and helping us with our research.”
She added that the distribution for the 2015 report would border around 110,000 hard copies.
“International distribution is at 90,000- with the biggest percentage to Europe, North America, and Asia. Local Distribution is 19,000 copies.”
“One of the things we are proud of about NOBG is our subscribers from fortune 500 companies. From July 2015 we have executives of 293 fortune 500 companies as subscribers to our reports with the list growing so in two to three years we hope have them all as subscribers,” Carapic pointed out.
“Paper culture is vanishing and we are going online and we are starting a trend which I think is very important for Papua New Guinea which is a search engine optimization.
“We have a new website as well from 2014 when we launched it where you can get a soft copy.
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