Minister for International Trade and Investment

PNG, Malaysia to Consolidate Trade and Investment Relationship

Minister Maru said this during his bilateral meeting with the Malaysian Deputy Minister of Investment, Trade and Industry, Liew Chin Tong at the margins of the APEC Trade Ministers Meeting in Detroit, United States. 

Malaysian investors invited to invest in PNG

Minister for International Trade and Investment, Richard Maru, made this known to Malaysia’s Deputy Minister of Investment, Trade and Industry, Liew Chin Tong, at the margins of the APEC Trade Ministers Meeting in Detroit, in the United States. 

Maru also invited Malaysian investors, especially those that have experience in global forestry product market, to come and invest in this sector.

Maru encourages downstream processing

He encouraged KPHL in strengthening partnership and continue with the Member for Kikori and the Governor for Gulf Province do great things for PNG development.

Through this job opportunities can also be increased, he added.

“I really would like with your support and leadership someday to have a downstream processing facility in Papua New Guinea. Right now we haven’t gotten that and reached the point where this country can be industrialized.

MRL encouraged to look into agriculture

This was stated during the two Capital Market Licenses that were granted by the Securities Commission of Papua New Guinea.

Maru added that Agriculture can be a topic of discussion according to MRL Capital Ltd.’s Risk Management frameworks. He added that due to MRL Capital’s impressive record on their growth, this is a great way to expand.

“I want to inform the market today that we are working on the amendments to make sure that the fund manager is separated from the funds.

Investors eye PNG downstream processing opportunities

In his parting message to the Minister for International Trade and Investment, H.E Aun requested Minister Maru to travel to Malaysia to meet Malaysian investors who want to explore agriculture and manufacturing investment opportunities in Papua New Guinea.

High Commissioner Aun stressed that these Malaysian investors were keen on downstream processing of Papua New Guinea’s raw materials and shipping services.

Maru adamant to connect PNG to Indonesia

Minister for International Trade and Investment, Richard Maru made these remarks when meeting with Indonesian Ambassador to Papua New Guinea, Adriana Supandy in Port Moresby on Friday 20 January.

He said both countries must also look at having a sports relationship to build people-to-people relationship in addition to our students going to study in Indonesian Universities and Colleges.

“When I first took office last year, I made a bold statement that Indonesia will be the highest trade priority of Papua New Guinea in this term of parliament,” said Minister Maru.

Indonesia invited to host first trade meeting

Minister for International Trade and Investment, Richard Maru put the invitation to Indonesia Ambassador to Papua New Guinea, Adriana Supandy. The meeting has been scheduled to take place this March in Jayapura, Indonesia.

Maru keen on SEZ projects with Australia

Maru in his meeting today with the Australian High Commissioner to PNG, Jon Philp said that he wanted to particularly work with the Australian Government and investors in the Manus Special Economic Region and the Western Province SEZ. 
 
Minister Maru also said that he wanted to work with the Australian Government and investors to look into the development of feed industry, cotton industry, cattle industry and the chicken industry of PNG.
 

Major Reforms of the Capital Market Underway

As Minister responsible for the Capital Market of Papua New Guinea along with its regulator the Securities Commission of Papua New Guinea (SCPNG), Maru said that reforms are critical as the Marape-Rosso government sets out to grow the capital market in Papua New Guinea. It is a key vehicle to mobilize domestic capital for critical investments, to grow the economy of the country.