A healthy investment destination

PNG still remains a major investment destination despite the tough economic conditions.

Investment Promotion Authority acting managing director, Clarence Hoot, said since the year began, they have had visits and discussions with potential investors from several countries.

He said this shows that the country remains a healthy investment destination.

Clarence stated that the first group from Japan were focused in the oil and energy sector.

Another potential investor from Sri Lanka was interested in the production of coconut from East New Britain Province.

Hoot added that discussions have been held with Chinese and Australian investors as well and said the challenge now is to make these potential ideas into actual investments. 

He said PNG remained a healthy investment destination and that the county was ready for more investment, especially in the other key sectors.

Cedric Patjole