http://www.pngindustrynews.net/StoryView.asp?StoryID=2390253 Wednesday, 13 April 2011
THE 2011 Papua New Guinea Australia Business Forum and Trade Expo will bring together a variety of industry heavyweights to discuss the future of business in the resource-laden region. - By Phillip Broom  | Held from May 15 to 17 in Madang, PNG, the forum is the major annual bilateral business meeting between PNG and Australia and will give investors a broad view of conditions in PNG, highlight available opportunities and provide chances for delegates to network.
The forum program canvasses the political and economic climate, focusing on issues which affect business and investment, including infrastructure and the mining and energy sectors.
Participants and speakers include government ministers and officials, and senior business people from both Australia and PNG.
Joint chief executive of the National Superannuation Fund in PNG Rod Mitchell, who will speak at the conference, said there were promising times ahead for PNG.
“The theme is about ‘PNG: taking up the challenge’,” he said.
“While it sounds clichéd, there really is an exciting story to tell about Papua New Guinea at present. The country’s gross domestic product growth is moving at around 8 per cent per annum spurred by numerous expansions in mining, construction and agriculture.
“Managed rightly, this expansionary phase will be seen as the second dawn for Papua New Guinea, post-independence. The country has a strong balance sheet, not marred by the global financial crisis and located in the Asia-Pacific Basin, where it’s all happening.”
While the conference will appeal to companies already maintaining a presence in PNG, Mitchell said those looking to invest in the region would find the conference invaluable.
“For investors new to Papua New Guinea, you will see the enormous diversity offered in terms of investment opportunities. There really is something for any investor to look at,” he said.
“The quality of the speakers is excellent. For serious investors, you actually get to talk face to face with the people that make it happen.”
The conference would also help increase exposure of what PNG had to offer the market.
“The main factors hopefully that will come out of the conference is that Papua New Guinea is open for business,” Mitchell said.
“Investors will see that while business regulations are a part of any country, ours are not so erroneous and we offer benefits that other countries frankly do not have, like a robust democracy, a free press and adherence to the rule of law.
“Investment certainty is a plus and the opportunities are out there. In a world that has been picked over, Papua New Guinea still offers huge opportunity and potential.”
The forum has enjoyed increasing popularity over the last few years, with attendance doubling from about 200 in 2006 to more than 400 in 2010. Click here to read the rest of today's news stories. BOC - Auf dem Weg zum MULTIBAGGER, die ersten 500% sind schon erreicht ;-)))))))))))) ----------- BOC - Auf dem Weg zum MULTIBAGGER, die ersten 500% sind schon erreicht ;-)))))))))))) |