Business

Positive signs for us from PNG

O’Neill says more investment possible By ELLEN STOLZ It’s obvious that Papua New Guinea investment in the country is at an all-time high and indications are, this will continue to
22 Oct 2012 10:31

Papua New Guinea Prime Minister, Peter O’Neill, during a tour of the Grand Pacific Hotel in Suva on Saturday. The Papua New Guinea National Superannuation Fund, Lamana Development Group from PNG and the Fiji National Provident Fund have all come together to collaborate on revamping the Grand Pacific Hotel. Photo: NAVNEET NARAYAN

O’Neill says more investment possible

By ELLEN STOLZ

It’s obvious that Papua New Guinea investment in the country is at an all-time high and indications are, this will continue to grow.
PNG Prime Minister, Peter O’Neill, told Sun Business, investors from PNG were now planning on expanding including building more mariner-style development.
“That will be a substantial investment for Fiji and we are pleased that this is taking place,” he said.
Mr O’Neill made these comments on Saturday just before officially unveiling one of PNG’s major investments in Fiji – the Pearl South Pacific Resort and Championship Golf Course in Pacific Harbour.
The $32 million investment was made by the Papua New Guinea Mineral Resources Development Corporation & Petroleum Resources in August this year.
Mr O’Neill said he was certain more new investors would employ a lot more Fijians and give a lot more opportunities for the business community in Fiji.
“Investors will get good returns and hopefully that would encourage them to invest in other areas in Fiji,” he said.

More confidence
Mr O’Neille noted Fiji had gone through some rough times.
But, he stressed the confidence was coming back and PNG had a very strong belief in Fiji because it had a huge potential.
“It has got a very skilled labour force, stable middle class that has got disposable income, good increases in tourism market,” he said.
“We are not giving up on Fiji; we will be here to support them in good times and bad and PNG is a close friend of Fiji.”
Mr O’Neill indicated investment was strengthening in both countries, and not just one.
“I think we are already increasing investments not only from PNG into Fiji but also Fijian investments in PNG are growing,” he said.
“So there is good exchange of businesses happening between the two countries.”

Increased flights
The PNG head noted that the increased flights into PNG would provide a further boost between our two nations.
“I’m certain that more businesses will come into Fiji seeing as we have increased the number of flights between Nadi and Suva into Port Moresby,” he said.
“That would also increase the level of travel of executives as well. Such engagements shall definitely boost trade.”

Business with sport
The PNG delegation who are in the country, took time out on Saturday to spend the day at the Pearl South Pacific Championship Golf Course.
“I think such tournaments like this; Golf at Pacific Harbour, encouraged a personal relationship between business leaders and they can take the opportunity to develop that relationship into trade,” Mr O’Neill said.

By ELLEN STOLZ

It’s obvious that Papua New Guinea investment in the country is at an all-time high and indications are, this will continue to grow.
PNG Prime Minister, Peter O’Neill, told Sun Business, investors from PNG were now planning on expanding including building more mariner-style development.
“That will be a substantial investment for Fiji and we are pleased that this is taking place,” he said.
Mr O’Neill made these comments on Saturday just before officially unveiling one of PNG’s major investments in Fiji – the Pearl South Pacific Resort and Championship Golf Course in Pacific Harbour.
The $32 million investment was made by the Papua New Guinea Mineral Resources Development Corporation & Petroleum Resources in August this year.
Mr O’Neill said he was certain more new investors would employ a lot more Fijians and give a lot more opportunities for the business community in Fiji.
“Investors will get good returns and hopefully that would encourage them to invest in other areas in Fiji,” he said.

More confidence
Mr O’Neille noted Fiji had gone through some rough times.
But, he stressed the confidence was coming back and PNG had a very strong belief in Fiji because it had a huge potential.
“It has got a very skilled labour force, stable middle class that has got disposable income, good increases in tourism market,” he said.
“We are not giving up on Fiji; we will be here to support them in good times and bad and PNG is a close friend of Fiji.”
Mr O’Neill indicated investment was strengthening in both countries, and not just one.
“I think we are already increasing investments not only from PNG into Fiji but also Fijian investments in PNG are growing,” he said.
“So there is good exchange of businesses happening between the two countries.”

Increased flights
The PNG head noted that the increased flights into PNG would provide a further boost between our two nations.
“I’m certain that more businesses will come into Fiji seeing as we have increased the number of flights between Nadi and Suva into Port Moresby,” he said.
“That would also increase the level of travel of executives as well. Such engagements shall definitely boost trade.”

Business with sport
The PNG delegation who are in the country, took time out on Saturday to spend the day at the Pearl South Pacific Championship Golf Course.
“I think such tournaments like this; Golf at Pacific Harbour, encouraged a personal relationship between business leaders and they can take the opportunity to develop that relationship into trade,” Mr O’Neill said.




Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper