Douveri Henao

New business snapshot to provide insights

The reports will support individual, business and government decision-making as the global COVID-19 pandemic continues to create economic challenges.

The BCPNG Market Conditions Report is a regular series of reports that provides public information on changes in business performance in 2020 in beyond.

Douveri Henao, BCPNG Executive Director, said the reports will be vital in shaping responses to the COVID-19 crisis.

BCPNG highlights four priorities

The four priorities highlight areas which the BCPNG aims to incorporate into the political accord to ensure the business community is part of the development agenda of the country.

The priorities include:

PNG businesses must up game: Council

Executive Director, Douveri Henao, tells Loop PNG that local tour operators need to up their game and be competitive against Australian businesses.

“The first one is that we just need to increase our game. People will trust our operators largely because of their standards, their accessibility, and generally their professionalism,” he said.

​Do not base policy on emotion: BCPNG

In an interview with Loop PNG, BCPNG Executive Director, Douveri Henao, said the development of the policy and ‘reserved business’ list must be done in an appropriate manner.

“I think it needs to be on a case by case, the difficulty with the reserved activities list is, the only people that really know the potential of the commercial ventures are the operators themselves,” he said.

“If they genuinely feel that the market is distorted by foreign participants who are not abiding by the rules then yes, let’s find remedies for that, and prosecute them.

PNG’s corporate culture exported

Speaking to Loop PNG, BCPNG Executive Director, Douveri Henao, said the announcement has been met with excitement and applause that a home grown entity is now shifting into the Asian region after successfully establishing itself in the Pacific.

“The expansion of BSP has been seen as a 21st Century wonder in the Islands. A home grown bank, going out, acquiring these assets and when you go around the Pacific and you see BSP, you see that that is our corporate culture there. So I think that the Asian shift is a very positive step,” said Henao.

Deals needed to protect home grown entities

Business Council of PNG (BCPNG) Executive Director, Douveri Henao, said this following the Bank South Pacific’s (BSP) announcement of its new branch in Cambodia.

Douveri said the BCPNG applauded BSP for its expansion into Asian countries.

However, it was imperative to safeguard those investments that have been made as well.

“I think it’s extremely exciting. The business council applauds our home grown entities expanding. And it also bears the bigger question that we do need trade agreements, investment agreements to protect our investors going abroad,” he said.

Digicel PNG Foundation invests K11.2 million in PNG

This was revealed yesterday during the launching of the Foundation’s 2014-2015 Annual Report at the Digicel Learning Centre in Port Moresby.

Foundation Board Chairman, Douveri Henao said the Foundation had continued its support to its focus areas of access to basic education, basic health, community building, services for people with special needs and addressing violence.

The Foundation’s key achievements included: