PNG Has Good Investment Opportunities but Fewer This Year
PNG has good investment opportunities, but fewer as compared to a few years ago.
This, according to Trukai CEO Alan Preston, who said that it takes extra precaution to invest now. He added that this pandemic has brought many challenges to businesses and customers alike, and still, these people are coping better than most around the world.
He said that over the last 10 years, Trukai has invested more than K40 million in rice-growing projects in the Morobe province.
“Some of which have worked very well. In the last year we have celebrated three new and successful small grower rice harvests, which is wonderful to see,” he said. “Rice growing has to compete with many other agricultural products, which means some farmers are more interested in richer cash crops.”
He noted that the Trukai industries have been the market leader, offering fresh products and competitive costs to their customers.
“We expect to grow every year and will continue to expand our product portfolio to ensure we meet the customers’ needs and requirements,” he said. “At the higher end of this range if the government can provide a stable and helpful set of policies to incentive business investment and reduce business risk.”
For its major plans, Mr Preston said that they plan to bring in more products. For the next five years, it is expected that its income will grow from five to 10 per cent.