• PNG Business News

Papua New Guinea Investment Week

Positive signs are on the horizon for business after three “flat” years due to tough economic times brought on by low commodity prices, last year’s earthquake, and lack of foreign currency, which has increased slightly this year.

Following the recent activity in the minerals and gas sector and a successful APEC Leaders’ Summit, the Australia PNG Business Council has successfully lobbied to bring to our shores four high-profile business investment conferences, -- all of which will be held from June 17 to 21 at the Stanley Hotel and Suites and APEC Haus.

* On Monday 17th to Tuesday 18th June, will be the 35th Instalment of the Australia PNG Business Forum and Trade Expo. Themed “The Road Ahead: Optimising Infinite Opportunities,”key statistics for this event include 900 delegates, 300 Exhibitors and 120 booths, 78 speakers and 15 topics ranging from unlocking customary land, agriculture, infrastructure development, MTDP3, start-ups, disruption and innovation, among others

* On Wednesday, 19th June, the Business Council of PNG in conjunction with the Speaker of the House of Parliament will host their annual Speaker’s Summit, the second instalment. This will also be held at the Stanley Hotel. Themed “Building Papua New Guinea’s Economy,” key statistics include 250 delegates, 100 exhibitors and 40 booths, 36 speakers and six topics in one day.

* On Thursday, 20th June the PNG European Union business conference on “Strengthening Trade and Investment ties between the EU and PNG” will be held at the Stanley Hotel. There is no fee to attend this conference. To register, please email to delegation-papua-new-guinea@eeas.europa.eu. A copy of the tentative program is attached.

* Then on Friday, 21st June the Asia Pacific Business Forum will be held at APEC Haus. David Morris, the Chair of UNESCAP Asia Pacific Business Forum stated: “They will bring to the Pacific for the first time the United National Asia Pacific Business Forum. This will be a high-level government business dialogue on how to bring the benefits from sustainable development to non-urban communities across our region.” Themed ‘Global Goals, Local Opportunities,” it’s the annual flagship event of the UN Economic and Social Committee for Asia and the Pacific Sustainable Business Network.

Interest has been overwhelming, particularly for the UN-sanctioned meet. People in Asia have called putting their hands up to present during the conference.

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