Lae Chamber of Commerce

The Pro-Active Voice of the Morobe Business Sector

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Author: The Editor

Crime,Violence Increases Cost of Business in PNG

A WORLD Bank Group report released today says that eight out of 10 businesses in Papua New Guinea suffer substantial losses and security costs as a result of high rates of crime and violence, slowing business expansion and hampering the country’s economic development. More than 80% of 135 companies surveyed said their business decisions are […]

Private sector encouraged to lead cluster developments in the Pacific

Nadi, Fiji – A two-day workshop to review four cluster pilots undertaken in Papua New Guinea, Samoa, Tonga, and Vanuatu ended on Tuesday with participants clearly outlining the desired future direction of cluster development in the Pacific. The Regional Cluster Initiative Project was funded by Business Climate Facility (BizClim), a programme of the European Union and […]

Boosting the domestic economy is the key to increasing PNG growth

The creation of the PNG LNG project highlights the next major challenge facing Papua New Guinea: how to grow the non-mining sectors. Economist Dan Gay says growing domestic demand, the internet and service industries can help overcome inherent problems. Whatever the Pacific’s been doing until now, it hasn’t been working. Overall economic growth in Papua […]

OPINION: PNG NEEDS TO ENGAGE WITH ASIA’S A-TEAM

Next year, the Papua New Guinea economy will boast the biggest growth in the world. Rowan Callick looks at what political leaders and policymakers must do to take advantage of the country’s talent and opportunities. Papua New Guinea is a country teeming with talent and with opportunity, and with the banks claiming they have the […]

Mining recovery a long way off, says Newport

The outlook for the mining sector has reached a new five-year low and confidence levels are likely to take years to recover, according to Newport Consulting’s new mining outlook. Despite some optimism last year, the latest report found mining leaders troubled by falling demand and a tough regulatory environment. An overwhelming 93% of leaders were […]

Calls for urgent action and investment incentives to boost non-mining sectors

Two respected trade and industry leaders have urged the government to boost investment in agriculture and non-mining sectors, warning a failure to act soon could induce ‘the dreaded Dutch Disease’. The head of the trade division of the Department of Trade, Commerce and Industry, Max Rai, wants the government to provide incentives to attract foreign […]

Australian aid and trade watchdogs denounce Pacific Free Trade Agreement

Independent Australian organisations, the Australian Fair  Trade and Investment Network (AFTINET) and AID/WATCH, Australia’s aid  monitor, have voiced serious concerns about the PACER-Plus Free Trade  Agreement currently being negotiated between Australia, New Zealand  and Pacific Island Countries. Both organisations assert that  PACER-Plus will leave Pacific Island Countries disadvantaged, and  ignores calls from Pacific Islanders who […]