Business leaders provide their personal take on Papua New Guinea’s economy.
‘We’d certainly like to see more focus on the agricultural sector. It’s where the majority of the population is going to be able to commercialise their interests in the customary land that’s available to them.
‘If we can get infrastructure costs down—land, road, sea and air—then you’re able to take advantage of a lot of agricultural capacity in the Highlands.’ ‘If you look over the next say ten to 15 years, Asia will really become the dominant source of capital, and capital’s what PNG needs.
‘We’re trying to introduce as much sophisticated structuring in PNG deals as we can. This way, we’re setting the foundation for attracting international banks into this market.
‘What we’re really just trying to do is connect trade and capital flows between Australia and New Zealand and Asia Pacific, that’s our fundamental core strategy.’