Investor confidence

In his first official engagement at the Prime Minister’s Breakfast in Port Moresby, O’Neill said the government will continue to work closely with the business community.

He admitted that while there will be policy reforms,  they will not introduce policies that will harm that investment confidence in the country.

O’Neill highlighted the foreign exchange issues which currently affect many businesses and companies.

Institute of National Affairs executive director, Paul Barker made this comment, referring to January 1 incident in Port Moresby where the New Year morning nearly turned into a gun fight between RPNGC and PNGDF personnel.   

“It may involve only, small number of people but it will not send out a good message to the community and investors as well,” Barker said.

He added that with the country’s current economy condition, foreign investors are what the country needs to claim the rough seas.