Business

PNG committed to friendly business environment

He said this during the 34th Australia-Papua New Guinea Business Forum and Trade Expo in Brisbane, Australia.

O’Neill said the Australia-PNG relationship is enduring and constant with Australia being the largest foreign investor in PNG underpinned by a strong bilateral trading relationship.

The Prime Minister said the economic fundamentals of PNG are sound, and that its carefully managed debt is a tool for economic management and future growth including through infrastructure development, with more than half the Government’s debt being domestic debt.

Local businessman aims to be an example

Andrew Tants, who runs Jiwaka Mission Resort with his family, says forging partnerships with key institutions can bring about change in the province.

Established in 2014, the resort has steadily grown with the Province out of an arrangement with the Lutheran Church, where Tants rents the land on which the resort sits.

VIDEO: Tenants Lose Revenue

Local entrepreneurs operating from Malagan Haus at 4 mile in Port Moresby are crying foul over hefty rental payments yet kept outside their office spaces for hours over the last 2 weeks, causing them to lose hundreds of kina.

 

Carolyn Ure  with more 

NASFUND holds minute silence for late leaders

NASFUND CEO, Ian Tarutia, paid respect to the late Governor General, Grand Chief Sir Michael Ogio, former Chief Secretary, Sir Manasupe Zurenuoc, radio personality, Roger Hau’ofa, as well as a close personal friend.

He said their passing were worthy of mention given their immense contribution to the country.

Tarutia also dedicated the conference to the late Hau’ofa adding that NASFUND was supporter of his “Talk-Back” program on FM 100.

The CEO said Roger was a strong advocate against corruption.

Project to help workplaces fight TB

Members of the Australia-PNG Business Community, with support from the Australian Government and World Vision, launched the Businesses for Health: Tuberculosis or B4H:TB Project in Port Moresby.

Businesses 4Health: TB Project seeks support for the National Department of Health’s efforts to end the TB epidemic and reduce the high rates of drug resistant TB, particularly in the National Capital District (NCD). Around 20 percent (more than 6000 of the nearly 30,000) new TB infections in PNG were detected in NCD in 2015.

Goroka CCI aims to improve business image

Chief Executive Officer Sarah Shelley when outlining the major improvement plans told Loop PNG via email that the chamber will ensure a collective stance of the wider businesses community is effectively communicated in the correct forum.

“A key goal of the GCCI for 2017 is to provide representation to key boards such as the Goroka Urban Authority, Provincial Suppliers and Tenders Board and the Goroka Building Board to ensure the collective stance of the wider businesses community is effectively communicated in the correct forum.”  

Central woman eyes garment business

And the 21-year-old Central lass from Marshall Lagoon has made it her intention to complete her training in the field and pursue a business career in the sector.

Nancy is among 32 individuals who graduated in the 27th Garment and Textile Training Program, facilitated by the Small to Medium Enterprises Corporation (SMEC).

She topped three of the four courses offered in the Certificate 1 Program, walking away with prizes in Garment Construction, Screen Printing, and Hand Sewing Machine Repair.

Reserved business a contentious issue

Acting Managing Director for the Small to Medium Enterprise Corporation (SMEC), Steven Maken, made this known in his presentation at the Consultative Implementation & Monitoring Council National Development Forum today.

Maken presented ‘Experiences on implementation of the SME Policy & Master Plan’ which he highlighted legislations considered by the SMEC to be implemented, and the very contentious one of reserved businesses.

“It will not come easy, some people have enjoyed certain things for too long, it will come down with some fight,” said Maken.

Women in Business Expo brings huge interest

Since the opening of the Women In Business Expo Trade Centre last Thursday, young women and mothers have flown in from all over the country to come in and showcase their handmade products.

These include soaps, shampoos, hand crafted jewelry, meri blouses, bags and caps made from bilums and materials, artifacts to flower arrangements, traditionally cooked delicacies and many more.

PNG Loop caught up with Agnes Kaupa from Eastern Highlands who specialises in flower arrangements for events and occasions.

Businessman believes in small business opportunities

Edward Magarua Kiza, a former public servant and now a successful businessman in Madang, says the only way for his Usino-Bundi people to get out of poverty and unnecessary traditional obligations and participate in economic changes is to learn and understand the standard business principles.

He said this during the launching of the Wekumara Poultry Project workshop on January 31, at Uria Village in the Ward 19 area of Usino LLG.