Optimise opportunities, says APNGBC President Franklin
Investors interested to do business in PNG are encouraged to utilise the opportunities given to them.
Australia PNG Business Council (PNG) in country president Philip Franklin whilst addressing the 35th Australia PNG Business Forum yesterday acknowledged that there are three categories of or groups of investors present in the country.
He said the first category are existing investors or partners who have been here in PNG for over 10 years and experience successful growth in their business experiences and are looking for more opportunities.
“In more or large have a good knowledge of the road ahead and you can see around the corner, you accept that the road is a bit rough and dusty but you are using flexible business goals which you have the ability to direct and change and adapt to the changing business environment and importantly is you are here to stay,” he said.
“The second group of people are the new entrants into PNG economy and you might be wondering if you have made the right decision to be here in the market and be part of the future, you may have enjoyed the road at the back of LNG but with PNG hosting the APEC conference but at the moment you are struggling.”
Mr Franklin said the third group are those who came into the country for the first time and are probably looking for opportunities, market ideas or maybe looking for opportunities to market products and ideas.
“We are looking at the road ahead and wanting to optimise our opportunities before us.
Papua New Guinea has a large land mass, a relatively small population and rich resources which can provide the market to capitalise the benefit from the opportunities that are unfolding around.
The main point here is that PNG has a large land mass, its population in 2017 has more than doubled since independence 44 years ago with 8.25 million and on top of this we know PNG has vast natural resources both from the extractive and non extractive sectors,” he said “All you need to do is think about land, people and resources.”