• PNG Business News

Pom Chamber reaches out to SME space

The Port Moresby Chamber of Commerce and Industry last week introduced a new category of membership that target the small to medium enterprise space.

President Rio Fiocco reported at the chamber’s annual general meeting last week that the intension was to increase the Camber’s current membership base of around 300 to as much as 350 companies.

Also, importantly, he said the new member category will give SMEs a voice in the major body and contribute to discussions within the greater membership in the capital.

Mr Fiocco said SMEs in the category with 1 to 3 employees will qualify for an annual membership fee of around K500.

“We have done that specifically to try and attract the SME sector, small and medium enterprises.

“We think that is great that they can participate with the Chamber activities, more importantly network our other members, particularly the bigger companies, and it is all a question of getting to know the other companies and interacting with everyone so that they can understand what products these SMEs can offer to the bigger companies.”

Fiocco said there is a steady growth in membership with a number of companies having been previously members agreeing to re-join.

This follows a reported membership drop in 2018, which the president cited economic factors as key to the drop.

“Yes I think it is just a reflection of the difficult business environment last year.

I think that now with the particularly new resource projects that are on the horizon, businesses are looking forward to obviously being involved with the increase in activity flowing on from projects like the Papua LNG, the Exxon Mobil expansion of their LNG project, Wafi-Golpu and other some of the agriculture projects that are being talked about.

“There is certainly a feeling of optimism that things will pick up from here,” he added.

Source: https://postcourier.com.pg/pom-chamber-reaches-sme-space/

PNG Business News

2nd Floor, Suite 6,

Corinthian Plaza Building,

Paseo De Roxas, Legaspi Village,

Makati, Philippines

Phone: +632 251 5599

Subscribe to Our Newsletter

  • White Facebook Icon

© PNG Business News