Commerce and Industry Minister

Offshore funding to subsidise SME programs

Minister Mori said while submissions will be made to the Government for funding in the 2018 budget, it may not be enough given the current economic period.

He said the Government is still committed to the SME sector and will continue to support them.

Before heading into a National Executive Council Meeting yesterday, Minister Mori stated that he expects the Government to allocate funding for projects which they can carry out nationwide.

However, he added that may not be sufficient and that there are other avenues for funding.

Govt vows to stand by SMEs

Commerce and Industry Minister, Wera Mori, gave the assurance during the opening of the SME Corporation Expo in Port Moresby today.

Mori said the Government will ensure that SMEs receive the support they need to prosper, especially in funding.

At the opening, Minister Mori reiterated the government’s agenda of supporting the SME sector.

However, he said this must be translated into actions and not just rhetoric.

Minister Mori said accessing financing is one aspect which needs innovative thinking and he has shared this sentiment with the SME Corporation.

VIDEO: Govt to stand by SME’s

Commerce and Industry Minister, Wera Mori, said this during the opening of the SME Corporation Expo in Port Moresby today.

Mori said the Government will ensure that SME's receive the support they need to prosper, especially in funding.

 

Cedric Patjole with more 

Department controls Sepik Economy Zone funds

That is the clarification from Trade, Commerce and Industry Minister, Richard Maru.

The SEZ project is located in Minister Maru’s Yangoru-Saussia District in East Sepik.   

“Finance has all the records, they decide and sign all the cheques, so all the cheques that go out, Finance gives the authorisation, (and) are the ones doing the acquittals,” Maru responded to a question from Loop PNG.

“It’s not that the funds are in an account that we control, the funds are in a trust account that the Finance (Department) controls.”