Posted by The National
Prime Minister James Marape says Papua New Guinea (PNG) is heading for “exciting (economic) times in the 2020s.
The National’s MALUM NALU was at the 2nd Speaker’s Investment Summit last Wednesday to check out the details.
The National’s MALUM NALU was at the 2nd Speaker’s Investment Summit last Wednesday to check out the details.
PRIME Minister James Marape says PNG is heading for exciting (economic) times in the 2020s because his Government’s task is to spur business growth to benefit both people and businesses.
He said fiscal measures and policies would be implemented to ensure that the task was achieved competently and efficiently in a corrupt-free economic environment.
“My Government will be committed to deliver what is required to spur economic growth and activities. The private sector need to respond positively to play their part for PNG,” he said at the 2nd Speaker’s Investment Summit.
The summit, at the Stanley Hotel and Suites in Port Moresby, was attended by Members of Parliament (MPs), including Opposition Leader Patrick Pruaitch, members of the diplomatic corps, the business community and guests.
Themed “Legislating PNG’s Prosperity”, the summit is an initiative by Speaker Job Pomat, the Business Council of PNG and the Investment Promotion Authority.
The annual event is aimed at bringing MPs and the business community together to share and update information and feedback for a better understanding in efforts to grow PNG’s economy and business activities.
The summit was expanded with the inclusion of the 35th Australia-PNG Business Forum and Trade Expo, PNG- European Union Business Conference and the 15th UN ESCAP Asia Pacific Business Forum.
Marape says everyone must benefit from PNG’s economic growth.
“No one must be left out of a wealthy PNG. The private sector cannot expect to be prosperous and wealthy but Papua New Guineans are left out,” he added.
“The benefits cannot be one-way. The people, too, must benefit from business activities, investments and employment,” Marape said at the summit.
“And, this is why I urge the private sector to embrace my vision to make PNG the richest black nation in the world.
“Chasing away investors is never in my mind. My vision is to see both Papua New Guineans and investors benefitting mutually from a fast growing and wealthy PNG.
“My vision is not about race, religion and arrogance. It is about inclusive economic growth and development,” he added.
Marape urged Papua New Guineans to “believe in themselves that they can succeed in their endeavours” and thus uphold national pride.
“Most of you (businessmen and investors) had contributed much to the country’s economic activities and growth, surpassing many citizens who are lazing away.
“This is why my vision is aimed at stimulating Papua New Guineans to share my dream for them so that PNG’s economic growth can be raised to a higher and faster level of growth.
“The dream of making our country wealthy, healthy and prosperous must be the effort of everyone. Contributing to nation-building, be it indirectly or directly, involves all,” he added.
Marape said transforming PNG into a robust economy could be achieved with everyone wanting to be engaged in business.
“PNG Business Council members will enjoy revenue growth because Small Medium Enterprises (SMEs) and smaller businesses will thrive with enhanced activities from the people.
“This Government and country would not be what they are today without business contributions that sustain socio-economic growth. My greatest respects to all businessmen in PNG,” he said.
“The development of the private sector is also essential to resolving the employment needs of PNG’s working-age population and ensuring more inclusive economic growth,” he added.
Marape said: “This annual summit provides the opportunity for lawmakers and the business community to interact and understand one another.
“My Government will most certainly play its role to use fiscal measures and policies to stimulate PNG’s economy. Businesses must then respond positively, seize every opportunity to venture and grow the economy with the people.
“This partnership (Government and private sector) must be consolidated for a sustainable and prosperous future.
“You need to know what we are all about, and we need to appreciate what you are all about.
“This will ensure that we do not stand in your way and allow the private sector to flourish and grow.
“When we have a private sector that is flourishing and robust, our country of a thousand opportunities in the land of a thousand tribes can also be mutually beneficial to everyone,” Marape said.
Go to this link for more: https://www.thenational.com.pg/marape-exciting-times-next-year-for-people-and-country/
He said fiscal measures and policies would be implemented to ensure that the task was achieved competently and efficiently in a corrupt-free economic environment.
“My Government will be committed to deliver what is required to spur economic growth and activities. The private sector need to respond positively to play their part for PNG,” he said at the 2nd Speaker’s Investment Summit.
The summit, at the Stanley Hotel and Suites in Port Moresby, was attended by Members of Parliament (MPs), including Opposition Leader Patrick Pruaitch, members of the diplomatic corps, the business community and guests.
Themed “Legislating PNG’s Prosperity”, the summit is an initiative by Speaker Job Pomat, the Business Council of PNG and the Investment Promotion Authority.
The annual event is aimed at bringing MPs and the business community together to share and update information and feedback for a better understanding in efforts to grow PNG’s economy and business activities.
The summit was expanded with the inclusion of the 35th Australia-PNG Business Forum and Trade Expo, PNG- European Union Business Conference and the 15th UN ESCAP Asia Pacific Business Forum.
Marape says everyone must benefit from PNG’s economic growth.
“No one must be left out of a wealthy PNG. The private sector cannot expect to be prosperous and wealthy but Papua New Guineans are left out,” he added.
“The benefits cannot be one-way. The people, too, must benefit from business activities, investments and employment,” Marape said at the summit.
“And, this is why I urge the private sector to embrace my vision to make PNG the richest black nation in the world.
“Chasing away investors is never in my mind. My vision is to see both Papua New Guineans and investors benefitting mutually from a fast growing and wealthy PNG.
“My vision is not about race, religion and arrogance. It is about inclusive economic growth and development,” he added.
Marape urged Papua New Guineans to “believe in themselves that they can succeed in their endeavours” and thus uphold national pride.
“Most of you (businessmen and investors) had contributed much to the country’s economic activities and growth, surpassing many citizens who are lazing away.
“This is why my vision is aimed at stimulating Papua New Guineans to share my dream for them so that PNG’s economic growth can be raised to a higher and faster level of growth.
“The dream of making our country wealthy, healthy and prosperous must be the effort of everyone. Contributing to nation-building, be it indirectly or directly, involves all,” he added.
Marape said transforming PNG into a robust economy could be achieved with everyone wanting to be engaged in business.
“PNG Business Council members will enjoy revenue growth because Small Medium Enterprises (SMEs) and smaller businesses will thrive with enhanced activities from the people.
“This Government and country would not be what they are today without business contributions that sustain socio-economic growth. My greatest respects to all businessmen in PNG,” he said.
“The development of the private sector is also essential to resolving the employment needs of PNG’s working-age population and ensuring more inclusive economic growth,” he added.
Marape said: “This annual summit provides the opportunity for lawmakers and the business community to interact and understand one another.
“My Government will most certainly play its role to use fiscal measures and policies to stimulate PNG’s economy. Businesses must then respond positively, seize every opportunity to venture and grow the economy with the people.
“This partnership (Government and private sector) must be consolidated for a sustainable and prosperous future.
“You need to know what we are all about, and we need to appreciate what you are all about.
“This will ensure that we do not stand in your way and allow the private sector to flourish and grow.
“When we have a private sector that is flourishing and robust, our country of a thousand opportunities in the land of a thousand tribes can also be mutually beneficial to everyone,” Marape said.
No comments:
Post a Comment